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Law favors gambler over grad
- Article from:
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Chicago Sun-Times
- Article date:
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May 6, 2007
- Author:
- Dave Newbart
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Copyright informationCopyright 2007 Chicago Sun-Times. (Hide copyright information)
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Like murder or treason, failure to repay a student loan is an
offense with no statute of limitations.
That is virtually unheard of in civil or criminal law, experts
say.
"It's extraordinary," said Deanne Loonin, staff attorney for the
National Consumer Law Center in Boston and author of "No Way Out," a
report on student lending laws.
Other than child support, taxes and student loans, very few debts
can be pursued for collection indefinitely, experts said.
What's more, since changes in the law in 1998, declaring
bankruptcy will not free one from the debt. That goes for government-
backed student loans and, since 2005, private student loans as well.
Alan Collinge, founder of Student ...
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COMBINE STUDENT LOANS TO IMPROVE DEBT RATIO
The Boston Globe;
January 29, 2000 ;
Kathleen Howley, Globe Correspondent;
787 words
......buyers with student loan payment obligations...car payment, student loans, alimony...first-time buyers, student loan payments are...payments, student loans, and credit...consolidate student loans - often, owed...resets the student loan ...
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GRASSLEY Q&A: STUDENT LOANS
Capitol Hill Press Releases;
May 9, 2008 ;
447 words
......crunch affected student loans? A: Turmoil in...country leaving the student loan business altogether...Congress last year. Student loans are tied strongly...to securitize student loan debt and provide...to subsidizing student loans. Q: How is ...
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Guaranteed student loans lose some appeal.
ABA Banking Journal;
May 1, 1991 ;
McCombs, Karen;
787 words
......with guaranteed student loans. Some banks...that guaranteed student loans are a hassle...middle, finding student loans not their most...that overall student loan volume has increased...the guaranteed student loan program set up...on guaranteed ...
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Should Chapter 13 Plans Discharge Student Loans?
American Bankruptcy Institute Journal;
March 1, 2005 ;
Gargotta, Craig A;
787 words
......an unpaid student loan that has...a result, student loans can no longer...non-payment of the student loans violates...having a student loan discharged...discharge of student loans. In an effort to make student loan discharge...
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Consolidating student loans
The Malay Mail;
June 12, 2006 ;
299 words
...STUDENT loans are a way of making...to consolidate a student loan in order to save...consolidate your student loans with. Lower interest Consolidating a student loan would be wise if...consolidating a student loan. * Keep the following...consolidating your ...
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A VOTE FOR CHEAPER STUDENT LOANS
US Fed News Service, Including US State News;
January 19, 2007 ;
638 words
......billion in excess subsidies to student loan lenders and to direct the...who qualify for Stafford student loans. Although this legislation...and the need for continued student loan reform. I am urging members...the more cost-effective student loan program and retain ...
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SEN. DURBIN INTRODUCES BILL TO MAKE PRIVATE STUDENT LOANS DISCHARGEABLE IN...
US Fed News Service, Including US State News;
June 7, 2007 ;
402 words
......allow private student loans to be discharged...2005, private student loans were given the...government-guaranteed student loans. Currently, both...loans and private student loans are not dischargeable...tremendous burden on student borrowers with...loans. ...
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Interest rates to drop on federal student loans
Chicago Sun-Times;
June 28, 2001 ;
Terry Savage;
750 words
......great news for student loan borrowers: Interest rates on federal student loans will drop to their...year, $10,000 student loan, if rates stay...billion in federal student loans outstanding, that...of the largest student loan guarantors, and...information ...
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CoreFirst among banks stopping student loans
The Topeka Capital-Journal;
May 10, 2008 ;
Michael Hooper;
467 words
......get out of the student loan business, joining...its portfolio of student loans lost its profitability...gotten out of the student loan business as well...willing to provide student loans, but they aren...Citibank. The average student loan debt of ...
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Coming to Terms With Student Loans
The Washington Post;
June 5, 2005 ;
Michelle Singletary;
787 words
......then you probably have student loans -- and a lot of questions...a federally backed student loan takes you into a world...definitely read if you have student loans. It covers the types...have. Who holds your student loans? Between the time borrowers...
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Just in time for summer break, anxiety about student loans
The Mississippi Business Journal;
May 12, 2008 ;
Chandler, Clay;
649 words
......economic sector. The student loan market is one...availability of student loans for the upcoming...suspend their student loan programs, or...even expand its student loan product...offer as far as student loans, even making...
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Just in time for summer break, anxiety about student loans.
Mississippi Business Journal;
May 12, 2008 ;
Chandler, Clay;
655 words
......economic sector. The student loan market is one...availability of student loans for the upcoming...suspend their student loan programs, or...even expand its student loan product...offer as far as student loans, even making...
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LETTER TO THE CITY EDITOR: Student loans
The Sunday Telegraph London;
October 19, 1997 ;
233 words
......RECENTLY saw an article about student loans which seemed to imply that repayment...any outstanding loans with the Student Loan Company? J Wiggins, Newmarket...article which you saw referred to a student loan from one of the high street banks...terms until the April graduation. ...
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Consolidate Student Loans Now to Ensure Low Interest Rates
The Washington Post;
May 26, 2005 ;
Michelle Singletary;
786 words
......graduate with student loans, there is one...recalculates rates on student loans. The variable...federally guaranteed student loans is readjusted...be the first student- loan interest-rate...average of all your student loans, rounded...a borrower's ...
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For Student Loans, Time for Payback
The Washington Post;
June 1, 2006 ;
Michelle Singletary;
787 words
......details of your student loans, including balances...to the National Student Loan Data System, which...for a federal student loan is 10 years. Privately issued student loans can have other...comparing federal student loan consolidation...for your federal ...
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