In 2005 private student loans were exempted of ALL consumer protections. No matter when their loans were taken, many borrowers now find themselves in a paralyzing predicament of repaying two, three or multiple times the original amount borrowed, with no bankruptcy protection, no cap on fees and penalties and no recourse to the law. The consequences are dire, with stories of borrowers in financial and emotional ruin.
Thursday, November 25, 2010
Wednesday, November 24, 2010
Have you ever wondered why college costs have risen at twice the rate of inflation, and four times the the rate of wage growth? I'm not a big fan of conspiracy theories, but this is no theory. These are the facts the government doesn't want you to know about. In another post I'll be sharing a few tricks and tips I learned about surviving college without a crushing debt during my college years - and more I learned after.
How the US Government and Colleges have caused rampant price increases in tuition and abused students.