Fight Student Loan Debt

DeVos Family Members Busted For Claiming Bogus Tax Exemptions On Multi-Million Dollar Michigan Properties The DeVos family owe their billion dollar wealth to family patriarch Richard DeVos and Jay Van Andel. DeVos and Van Andel skillfully mastered the art of the legally operating a pyramid marketing scheme when they created Amway in 1959. The DeVos family have also become the second largest contributor to the Republican Party behind the Koch Brothers. Betsy DeVos, the wife of Richard (Dick) DeVos, Jr. came under fire for openly bragging about "buying" elected officials: “I know a little something about soft money, as my family is the single largest contributor of soft money to the Republican National Party. I have decided, however, to stop taking offense at the suggestion that we are buying influence. Now I simply concede the point. They are right. We do expect something in return.”  Read more here Check us out on Facebook at Fight Student Loan Debt Or C

Student Loan Debt Is Beginning To Affect The Housing Market As Millennials Hold Off Buying Real Estate Student loan debt is starting to affect the housing market and that should be no surprise. Millennials are reluctant to buy their first home until they finish paying off their student loan debt. A National Association of Realtors report finds that 83% of Millennials cite student loan debt as the reason. Almost 30% of the Millennials who do own a home say their student debt prevents them from selling. Among first-time home buyers, 40 percent still have student loans. Millennials on average owe $41,000 in student loan debt. The survey also shows that half of the millennials surveyed say they delayed a major life event due to their debt. The total American student debt load is over $1.4 trillion. The median annual income of the respondents was $38,000. Read more here Check us out on Facebook at Fight Student Loan Debt Or Check Us Out on The Web at Student Loa

Fraudulent Student Loan Debt Relief Companies Are Preying On The Most Vulnerable Student Borrowers A NerdWallet investigation has found fraudulent student loan debt relief companies are preying on the most vulnerable with student loans. Federal agencies dispute who’s to blame and what to do. The CFPB and the Federal Trade Commission have closed only seven companies that have scammed consumers. The scam outfits make rosy promises to borrowers promising reduced and forgiven student loan debt. NerdWallet discovered more than 130 student loan debt relief businesses with records of questionable or illegal behavior. State and federal documents nationwide identified companies hit by lawsuits and court actions or negative. Some of these bogus student loan debt relief companies also had owners who couldn’t manage their own debts. NerdWallet found many of the businesses are also still fleecing borrowers. Some charge illegal upfront fees and monthly dues for debt consolidation.

Billionaire Trust Fund Baby Turned Secretary of Education Betsy DeVos Wants To Eliminate Student Loan Debt Forgiveness Donald Trump may eliminate Student Loan Debt Forgiveness in his first budget. Secretary of Education Betsy DeVos has also publicly stated she strongly favors eliminating the Student Loan Debt Forgiveness plan. In addition, Betsy DeVos has failed to state how she plans to deal with federal student loans in the future.  Reports as of last May are that Trump and DeVos’ initial education budget will seek to eliminate the Student Loan Debt Forgiveness program. This would cost student loan borrowers billions of dollars. Yet, it would reap millions of dollars for the DeVos family. The DeVoses hold a sizeable stake in several student loan providers. Trump and DeVos also want to eliminate over $700 million in Perkins Loans and massively reduce work-study programs. Read more here Check us out on Facebook at Fight Student Loan Debt Or Check Us Out on Th

Student Loan Debt Statistics for 2017 Show Americans Are Burdened With Record-Breaking Student Loan Debt  Student loan debt statistics show 44 million Americans owe over $1.4 trillion in student loan debt. The total debt is also more than double the $620 billion Americans owe on  credit card debt . A Class of 2016 graduate has roughly $37,172 in student loan debt. This is a six percent increase from last year. General Student Loan Debt Facts First of all, let’s start with a general picture of the student loan debt landscape. The most recent reports indicate there is: $1.44 trillion in total U.S. student loan debt 44.2 million Americans with student loan debt Student loan delinquency rate of 11.2% (90+ days delinquent or in default) Average monthly student loan payment (for borrower aged 20 to 30 years): $351 Median monthly student loan payment (for borrower aged 20 to 30 years): $203 (Data via  federalreserve.gov , newyorkfed.org  here ,  here  and  here  and clevela

Navient Busted Herding Student Loan Borrowers Into Default Then Using The Federal Government To Shake Them Down For Money Navient Corporation is the largest student loan servicer working under contract for Sallie Mae and the Department of Education. The servicer is also the most disorganized and the hardest to get information from. Their level of inept management rivals that of the mortgage servicers in the early days of the financial crisis. The loan servicer is also the most disorganized and the hardest to get information from. Their level of inept management rivals that of the mortgage servicers in the early days of the financial crisis. They are also taking a play from what mortgage servicers did at the peak of the foreclosure crisis. Navient is herding borrowers into default and then charging them crippling late fees and outrageous interest charges. Read more here Check us out on Facebook at Fight Student Loan Debt Or Check Us Out on The Web at Student Loan De