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Category Archives: Student Loan

Consumer use of credit cards declines significantly

In a September 10th, 2012 Reuters’ online article it was reported that the consumer credit debt fell for the first time in nearly a year. Many experts believe that Americans are attempting to reduce their credit card use and debt while the economy remains rocky. The consumer’s credit shrank remarkably in July, nearly lowering roughly…Continue Reading

Students start to lose interest in higher education due to high interest rates on student loans

U.S. lawmakers, educators and policymakers are working together to find a solution to the large amount of debt students are taking on, as reported by a May 8th, 2012 Reuters news article. The average American  student who seeks an undergraduate degree leaves college with roughly $29,000 in student loans, which over time rise because of…Continue Reading

Student loan debt does not only affect the student but the school as well

High student loan debt may have a greater effect on the U.S. economy, as reported by Reuters in an online article published August 20th, 2012. Experts claim that colleges and universities throughout the nation have continued to increase their tuition, and now younger generations have to decide whether the high debt is worth the higher…Continue Reading

Student loan debt does not only affect the student but the school as well

High student loan debt may have a greater effect on the U.S.’s economy, as reported by Reuters in an online article published August 20th, 2012. Experts claim that the colleges and universities throughout the nation have continued to increase their tuition, and now younger generations now have to decide whether the high debt is worth…Continue Reading

Monroe College receives recognition for debt reduction and financial literacy initiatives

Monroe College, with campuses in the Bronx and Westchester, New York, as well as Syracuse University and Shaw University in Raleigh, North Carolina, each received recognition and a $10,000 grant from USA funds. The three colleges had outstanding programs for financial literacy and debt reduction according to a June 21, 2012 Daily News article. Monroe,…Continue Reading

Bankruptcy discharges student loan debt in unique case

Federal bankruptcy law states that student loan debt cannot be discharged with bankruptcy except through rare circumstances under the “undue burden” standard. A May 25th, 2012 New York Law Journal profiled a case that involved an individual with a diagnosis of Asperger Syndrome, a form of autism. The U.S. Bankruptcy Court of the District of…Continue Reading

Legislation Pending for Student Debtors

The rising cost of higher-level education in the U.S. has forced thousands of current and would be college students to take out loans to help pay for their education. According to a “New York Times” Op-Ed article published on August, 27 2011, many schools have pushed students into private loans to help alleviate the rising…Continue Reading

A class action has been filed against New York Law School for allegedly inflating job statistics

Students and graduates filed a class action against New York Law School alleging fraudulent inflation of post-employment graduation and salary statistics to lure prospective students, the New York Law Journal reports. “Suits Accuse New York Law School, Thomas Cooley of Job Statistics Fraud,” New York Law Journal, Thursday, August 11, 2011. According to the lawsuit,…Continue Reading

Bronx bankruptcy lawyers are concerned about the job market for law school graduates

We all know that the job market is less than sunny for law school graduates. However, it is not clear what exactly is the job market for these students and future professionals, The New York Times reports. “Law School Economics: Ka-Ching!,” The New York Times, Sunday, July 17, 2011. Universities such as New York University,…Continue Reading

Bronx bankruptcy law firm concerned that more law school graduates have a lot of student debt

Despite so many tough challenges in the economy, law schools have remained impressively profitable, The New York Times, reports. “Law School Economics: Ka-Ching!,” The New York Times, Sunday, July 17, 2011. The situation with law schools is mind boggling. The current economy is making fewer jobs available to law graduates. However, law school enrollment is…Continue Reading