On October 16, Rohit Chopra, the student loan ombudsman for the Consumer Financial Protection Bureau (CFPB), released a report analyzing complaints received from borrowers with private student loans.
Surprisingly, the chief concern had to do with paying off debt early—an issue that definitely hits home for me.
A little while ago, the Consumer Financial Protection Bureau (CFPB) announced that millions of workers are not taking advantage of programs that could forgive their student loans. Thinking about this, I took a quick (read: unscientific) poll among friends who have federal student loans and work at nonprofits or public organizations.
About half of them were not aware that they may be eligible to have their remaining balance forgiven.
Over the years, repaying private student loans has proved to be a very daunting task for me. Five years ago, I was so lacking options that I turned to my Congressman’s office to figure out the next step.
Just because you’re broke doesn’t mean you can stop buying toilet paper. But have you considered buying that online?
While in the throes of student loan repayment, I’ve found a number of online tools to be godsends at helping me cut down on cost-of-living essentials. Spending an extra minute on these sites or even on a quick Google search can make all the difference.
We’ve helped you Face The Red™ the past few months, and there’s no better way to do that than hearing from someone facing his. That’s our newest contributor, Sean Engelking. Here’s his story.