« House Passes Senate Health Care Bill and Reconciliation Bill That Will Transform Student Lending | Main | Supreme Court Sides With Debtor in Student Loan Bankruptcy Case »

March 22, 2010

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Joan FB

It's about time that we have had some Senators hear the plight of the educated middle class. Unfortunately, it isn't enough to provide much relief for those who have old student loans. The lenders will still have a good time keeping us as indentured servants. The student loan activist groups have helped the younger students with caps on payments and fairer lending practices, but there is still a long way to go. Corruption is still entrenched in our society and it is only the beginning of ending this practice in all areas of lending practices. Be aware America -- and don't take out loans. Work a year, pay a year, and as Dave Ramsey says, pay cash.

BrokeJD

I have a private loan that is in default with Key Bank. I was able to take a Sallie Mae loan I had that was in default and convert it to the Direct Loan program. Does anyone know if the new law will allow us to do that with the private loans? The things I am seeing in the press seems to suggest not, but most news report do not seem to have a clue about the scandal that is the student loan industry.

Joan FB

Dear BrokeJD, there are many groups of students out there that have a united webb site you can access for empirical information and answers to most of your questions. Go to Robert Applebaums studentloanforgiveness webb site. Plug it in google and you will find it. Sign up and become a member of the Team. There is power in numbers.

The comments to this entry are closed.

Welcome!

SLA Private Student Loan Ratings

  • SLA :: Ratings
    Trusted source for independent, objective and timely information about private student loans

Paying For College Blog

  • Paying for College Blog
    Site for parents and students looking for independent and objective information about financing a college education

Want to receive daily SLA Blog updates via e-mail?

Enter your email address:

Delivered by FeedBurner

SLA Search Engine

Terms and Conditions