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

Citibank Sounds The Klaxon On Pending Student Loan Debt Crisis The pending student loan debt crisis is unnerving and it has all the same traits as the mortgage crisis. from a decade ago. Now a major player in the global financial markets is sounding alarms. Citi Global Perspectives & Solutions  recently raises the specter to that of the subprime mortgage crisis.  According to the Citi report: Default and 90-day delinque nc y rates are about 11%...to some this might appear eerily reminiscent of the mortgage crisis where delinquency rates had peaked at 11.5% in 2010. Outstanding student debt has almost doubled since 2009. The average undergraduate student borrower graduates with more than $30,000 in debt. Read more here Check us out on Facebook at Fight Student Loan Debt Or Check Us Out on The Web at Student Loan Debt Collection Defense

Call In The Samurai Of Student Loan Debt Collection Defense Like the mortgage lenders before them, Student Loan Debt Collection agents have people convinced they can't fight their student loan debt. Yet, MFI-Miami has again debunked the propaganda of sleaze from the Wall Street oligarchs. Just like we did with mortgage lenders. The only difference is Student Loan Debt Collection agents are taking the sleaze to a whole new level.  The situation has become so absurd that  Last Week Tonight With John Oliver  dedicated a segment to it in 2014. You can fight back. It's not as hard as you think and we can help. We have a team of consumer lawyers that can help you fight back. Read more here Check us out on Facebook at Fight Student Loan Debt Or Check Us Out on The Web at Student Loan Debt Collection Defense

MFI-Miami Attorney Julia Kefalinos Gets Student Loan Nullified By Miami Judge   The explosion of online and private colleges has made the student loan industry a lucrative business. Hence, driving student loan debt in the U.S. to $1.5 Trillion.  This debt is second only to mortgage debt and is larger than the debt  Colombia owes the IMF . Private colleges have resorted to using sleazy sales tactics in order to make a profit. Private colleges have taken things to such absurd proportions that the show,  Last Week Tonight With John Oliver  dedicated a segment to it in 2014. Case Study On How To Get A Student Loan Nullified ]   Debt collectors want Americans to believe they can't fight their student loan debt. As a result, debt collectors are using the same type of sleazy propaganda they used to convince homeowners they couldn't fight a mortgage foreclosure. As much as debt collectors may want to believe what they are saying, lawyers working with MFI-Miami have again d

The Student Loan Debt Crisis Isn't Just A Problem For Millennials The student loan debt crisis has hit the baby boom generation. Roughly 4% of Americans between ages 65 to 74 carried federal student loan debt in 2010. This figure is up from 3% in 2004 according to a report by the Governmental Accountability Office (GAO) . Senator Bill Nelson (D-FL) was the first to recognize the problem: Some may think of student loan debt as just a young person's problem. Well, as it turns out, that's increasingly not the case. The report also stated that the total amount of the debt grew from $2.8 billion in 2005 to about $18.2 billion last year. The GAO found 25% of loans held by people 65 to 74 and the number of these older Americans who had their Social Security benefits offset to pay student loan debt increased about 500% from 31,000 to 155,000 in the past decade. Read more here Check us out on Facebook at Fight Student Loan Debt Or Check Us Out on The

In 2010, the New York Times ran a story about an  Austrian guy who broke off his engagement with his American fiancee because of her $170,000 student loan debt. Americans expressed their "OMG! That's horrible!" on social media. Americans then shrugged their shoulders and went back to watching  American Idol or Dancing With The Stars. Since 2010, student loan debt has reached $1.5 Trillion. This growing debt is second only to mortgage debt in the U.S. This is bigger than the debt the nation of Colombia owes the IMF . Last night's installment of Last Week Tonight With John Oliver highlighted the sleazy practices that private colleges and universities are using bury students into lifetime debt. Student lenders are using the same sleazy tactics that mortgage lenders used to create an artificial housing boom. However, Student Loan Providers have taken the level of sleaze to astronomical proportions. As our friends at Gawker have pointed out: It's h

Oops! My Student Loans Are In Default! What Do I do Now? Most student loans are considered in default when the borrower fails to make payments for 270 days. Private student loans may have different terms and may consider the student in default if they miss just one payment.  Read your loan contracts carefully! Be sure you understand to read your loan agreement before you sign it. Read the sections about what could put you risk for defaulting. Then do everything you can to prevent it. The following lists should convince you that defaulting on your student loans can lead to overwhelmingly negative consequences. Consequences and Penalties When Student Loans Go Into Default If your student loans go into default, here are some of the difficulties you may face: Your lender will accelerate your loan. This means the full loan balance, including interest, will be due immediately.  The loan will be assigned to a collection agency who will add additional fees to the balance o

Chris Christie Has Turned New Jersey's Student Loan Program Into A State Sanctioned Loan Sharking Operation  People almost always think of two things when they think of New Jersey. They think of fictional mob boss Tony Soprano and Governor Chris Christie. You would never think a former federal prosecutor like Chris Christie would dabble in mafia businesses like loan sharking. Yet, critics say Christie's administration is doing exactly that. Critics claim Christie has turned the New Jersey's Higher Education Student Assistance Authority (HESAA) into a state-sanctioned loan sharking operation.  Son Murdered?  Fuck You! Pay Me!   Kevin DeOliveira was murdered  during an armed robbery in Vermont in January 2015. The yet unsolved murder left his mother Marcia DeOliveira-Longinetti in shock. In addition to her grief, DeOliveira-Longinetti also had to deal with Kevin's student loans.  Sallie Mae assured DeOliveira-Longinetti her son's balances would be writte

Wayne State Grad Tells It Like It In The Game of Loans This Wayne State University graduate in Detroit deserves a round of applause. She not only a good  Game of Thrones  joke but she made a statement about the crushing problem of student loans facing today's college graduates. A photo of a woman who decorated her graduation cap with "Game of Loans: Interest is Coming" has gone viral locally. As a result, it has since been uploaded to WSU's Facebook page. It is now racked up nearly 30,000 Likes and more than 2,533 Shares in less that 24 hours on Facebook. Student Loan Debt Will Soon Be Larger Than Mortgage Debt The New York Times ran a story in 2010 about an  Austrian guy who broke off his engagement with his American fiancee because of her $170,000 student loan debt. Everyone expressed their "OMG That's horrible!" on social media. Then they were back focusing on American Idol or Dancing With The Stars two minutes later. Student l