Sallie Mae Black College Dollars?

how much she loses, she is obligated to keep paying back her private loan to Sallie Mae, America's largest private lender. "I took out ...

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  • Ebony
    Ebony

    During the 2007-2008 school year, Sallie Mae awarded $2.5 million to students across the country. $ BLACK COLLEGE DOLLARS: A directory of college ...

  • Recruitment and retention in higher education
    Recruitment and retention in higher education

    At the 14 black colleges Sallie Mae studied, 25 percent or more of student ... to major- oriented groups such as "Dollars and Sense" for economics majors ...

  • Financial Aid for Students: Print and Web Guides
    Financial Aid for Students: Print and Web Guides

    Sallie Mae Fund. Black College Dollars http://www.thesalliemaefund.org/smfnew/ scholarship_directory/index.html A free 300+ scholarship search database, ...

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Discharge Student Loans in Bankruptcy!

At long last, the nation is beginning to acknowledge the very large problem that student debt has become.  The national dialogue has been noisy and confused to this point, however, and the few legislative attempts to address the issue, while pleasant sounding, will do little to ease the debt burdens of the vast majority of borrowers, and do nothing to address escalating college prices and the associated debt loads being imposed upon the citizenry. Ultimately, this distracted dialogue and feeble legislation serve no one well, and the protests we are seeing now across the country echo this point.  In order to understand and solve the student loan crisis we now face, it is critical to understand the unique fiscal dynamics that govern the student lending system, and the institutional and political behaviors that results.  Forget about the for-profit college scandal for a moment.  Put the public vs. private student loan debate on hold.   The following must be addressed if these debates, or others, are to be productive.

The Student Loan Swindle - Infoshop News

No, it's not possible for student debtors to escape financial devastation by declaring bankruptcy. This most fundamental of consumer protections would have been available to student debtors were it not for legislation explicitly designed to withhold a whole range of basic protections from student borrowers. I'm not talking only about bankruptcy protection, but also truth in lending requirements, statutes of limitations, refinancing rights and even state usury laws – Congress has rendered all these protections inapplicable to federally guaranteed student loans. The same legislation also gave collection agencies hitherto unimaginable powers, for example to garnish wages, tax returns, Social Security benefits and -believe it or not- Disability income.

Alan Nasser--- No, it's not possible for student debtors to escape financial devastation by declaring bankruptcy. This most fundamental of consumer protections would have been available to student debtors were it not for legislation explicitly designed to withhold a whole range of basic protections from student borrowers. I'm not talking only about bankruptcy protection, but also truth in lending requirements, statutes of limitations, refinancing rights and even state usury laws – Congress has rendered all these protections inapplicable to federally guaranteed student loans. The same legislation also gave collection agencies hitherto unimaginable powers, for example to garnish wages, tax returns, Social Security benefits and -believe it or not- Disability income. Twisting the knife, legislators made the suspension of state-issued professional licenses, termination of public employment and denial of security clearances legitimate measures to enable collection companies to wring financial blood from bankrupt student-loan borrowers. Student loan debt is the most punishable of all forms of debt - most of those draconian measures are unavailable to credit card companies. (Maybe I'm being too harsh. Sallie Mae recently announced that it will after all forgive a debt under either of two conditions: in case the borrower dies or becomes totally disabled.)

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  • The Obama Problem

    Subversify - Mar 11, 2011

    Thanks in part to the recent bankruptcy of Sallie Mae and other private student loan companies, the federal government has a veritable monopoly on the cash for college system. And now that higher education funding has been frozen or slashed at nearly

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