Falling Behind On Your Student Loan Debt Can Get You Fired

By Eric Reed

Fired for your student loan?

Like most students, Robert Bowman paid for his degrees through student loans. It took time, but eventually he was ready to be a lawyer. Until, that is, five state judges decided that all of his efforts weren't good enough, according to the New York Times. In layman's terms, Bowman had fallen too far behind on his student debt and therefore didn't deserve to be a lawyer. This story is unique to neither New York nor law, and it isn't even all that unusual.

Read on in Daily Finance

Must-Know Facts About Obama's Student Aid Bill of Rights

 Student Aid Bill of Rights

Last week, the Obama administration announced another series of initiatives to help students and families manage their student loan debt. The Student Aid Bill of Rights is a proposal intended to address several pain points that some borrowers experience during the life of their loans, and make it easier to get the help they need to resolve those issues.

Read on in U.S. News

Public Service Loan Forgiveness

 Public Service Loan Forgiveness

Under public service loan forgiveness, borrowers may qualify for forgiveness ... If you don't know what type of federal student loan you have, email me.!


The name “Obama Student Loan Forgiveness” has become the nickname for a program actually called the William D. Ford Direct Loan program. Many people only know about the program, and have heard of it through others as the Obama Student Loan Forgiveness program.  The name came about when President Obama reformed part of the Direct Loan program in 2009 in his Health Care and Education Reconciliation Act of 2010. Its important to keep in
mind all the programs are offered to reduce your principle payment.

This is a service provided to help students and former students act on the new program. It's worth it to have a consultation with me and see if you qualify. If you have Student debt, it would be great for you to see if you can take advantage of this new program.

Find out more today.

Income Based Repayment

 Monthly Payment Based on Income

In 2011, Congress passed a law that would allow federal student loan borrowers to base their monthly payment on their income and family size rather than the size of the loan.

FORGIVENESS IS IN SIGHT!

If you have a federal student loan, you are probably on everyone's list to get you to sign up with them for hundreds of dollars. You will probably get the service they described to you, but their price point is way too costly.

Your monthly payment on a federal student loan is now based upon:

• Your income
• Your family size
• The size of  your loan

Most income-based repayment programs range between 15-25 years. Some can last only 10 years if you qualify.

It's worth a free consultation with me to determine how this could affect your loan.