Student Loan Section Added to Resource Center
If you or someone you know has a defaulted student loan, you may be interested in StopCollector’s new Resource Center section on Student Loan Debt Collection. In in, we have pages on: How student loans...
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Student Loan Statistics Don’t Tell the Whole Story
The Los Angeles Times recently reported that the statistics on student loan defaults don’t tell the whole story. Indeed, a study by the Institute of Higher Education Policy revealed that 26 percent of...
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Student Loan Debt Tops Consumer Credit Card Debt
USA Today reports that, according to the Federal Reserve Bank of New York, Americans’ debt for student loans exceeds that of credit cards. While Americans as a whole have steadily reduced their credit...
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Student Loan Debt Collection Practices Put Under Microscope
Over the past week, there has been a firestorm over student loan debt collection. Bloomberg ignited the blaze with its story, “Obama Relies on Debt Collectors Profiting From Student Loan Woe,” in which...
View ArticleConsumer Attorney Sergei Lemberg Applauds Education Department Mandate for...
Excerpted from last week’s press release: Consumer Attorney Sergei Lemberg (www.stopcollector.com) applauded the U.S. Department of Education’s recent actions regarding student loan debt collection....
View ArticleObama Stumps for Lower Student Loan Interest Rates
According to a report in the Washington Post, President Barack Obama is touring college campuses in an attempt to drum up support for a Congressional extension of lower interest rates for Stafford...
View ArticleNCLC Weighs in on Student Loan Debt Collection
The National Consumer Law Center (NCLC) has issued a report entitled, “Borrowers on Hold: Student Loan Collection Agency Complaints Systems Need Massive Improvement.” Student loan debt collection has...
View ArticleStudent Loan Debt Discharged
According to a report in the New York Law Journal, a “once in a blue moon” phenomena occurred: a bankruptcy judge discharged a student loan debt. Typically, student loans aren’t dischargeable in...
View ArticleSenate Introduces Private Student Loan Debt Legislation
Senators Dick Durbin (D-IL), Tom Harkin (D-IA) and Al Franken (D-MN) have introduced the Fairness for Struggling Students Act of 2013. According to a press release issued by Senator Durbin, the bill...
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