America’s student loan debt has risen from approximately $500 billion in 2007 to $1.44 trillion in the first quarter of 2017. The New York Fed’s Quarterly Report on Household Debt and Credit reveals that 11 percent of cumulative student loan… Read More ›
A survey by the Federal Reserve Bank of New York showed that total outstanding household debt, including home mortgages, rose to $12.58 trillion at the end of last year. The all-time high was about $100 billion more. This record was set in… Read More ›
The Cosigner In May of 2011, when he was almost 92-years-old, my father cosigned on a $20,000 Sallie Mae student loan for his grandson. Because his short-term memory was failing him and he had already made some bad financial decisions,… Read More ›
November 20, 2014, The NL Insider published a guest blog, written by Lori J Frank PC, titled Education Debt? In that first discussion, she focused on how to determine the type of education debt the client wants to enforce. In… Read More ›
First the obligatory disclaimer: these comments are not meant to be legal advice. They are my opinions sprinkled in with some statutory, regulatory or case law. This blog simply represents my view, and you should do your own research. The… Read More ›