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Showing posts with label income base repayment plans. Show all posts
Showing posts with label income base repayment plans. Show all posts
Saturday, May 11, 2019

Education Secretary Betsy Devos Hires Private Accounting Firm to Audit the Student Loan program: Asking For Bad News

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Secretary of Education Betsy Devos hired McKinsey & Compan y, a global consulting firm, to audit the federal student loan program. Why d...
16 comments:
Friday, October 26, 2018

Augustin v. U.S. Department of Education: Adventures in Fantasy Land

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In  April 2016, Pierre Augustin filed an adversary complaint in a Maryland bankruptcy court, seeking to discharge $210,000 in student loan ...
1 comment:
Wednesday, August 1, 2018

"Broken and at risk of collapsing": Sandy Baum's excellent recommendations for reforming DOE's income-based student-loan repayment system

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Sandy Baum published a short essay yesterday in Chronicle of Higher Education titled "Don't Get Rid of the Income-Based Loan Repay...
1 comment:
Monday, May 28, 2018

Mike Meru racked up $1 million in student loans to go to dental school. Will he ever pay it back?

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Perhaps you read Josh Mitchell's story in the Wall Street Journal about Mike Meru, who took out $600,000 in student loans to go to den...
Friday, September 16, 2016

Tax Consequences for Student-Loan Borrowers in Income-Based Repayment Plans: Insanity

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The student loan crisis grows worse with each passing day. As the Wall Street Journal noted recently, total student-loan indebtedness is mor...
1 comment:
Wednesday, June 15, 2016

PAYE and REPAYE: Long-term student loan repayment plans are a bad option for older student-loan debtors

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You can be young without money, but you can't be old without it. Tennessee Williams President Obama's Department of Educati...
1 comment:
Tuesday, November 3, 2015

If you have to enroll in a 25-year income-based repayment plan to pay for your college education, you attended the wrong college

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In his 2012 book entitled   Don't Go To Law School Unless),   Paul Campos made a statement that startled me by its intense clarity. ...
1 comment:
Thursday, September 11, 2014

The General Accounting Office's Report on Student Loan Indebtedness Among Elderly Americans: Scary Reading

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The General Accounting Office released a report this week on elderly Americans with student loan debt. The report is 30 pages long but can b...
Friday, November 15, 2013

Educational Credit Management Corporation makes good money chasing destitute student-loan debtors: The Obama Administration should take action

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Richard Boyle, CEO of ECMC He made $1.1 million in 2010 Educational Credit Management Corporation is a nonprofit company that collects ...
21 comments: