Bankruptcy Attorney Speaks about Student Loan Laws
When you have a bankruptcy attorney talking about why the student loan industry is a total scam. We have some issues. In this country you can bankrupt a gambling debt yet you cannot bankrupt your educational debt.
Student loans puts a new meaning to loan sharking/predatory lending. The cost of education has sky-rocketed yet the quality has declined. Collection companies like ours that I am work at is making a killing. While folks across the nation is struggling. Just last month alone we have collected over 3 million dollars in student loan balances. This is considered to be one of our worst month to date. December is no different – voluntary payments are becoming difficult. Folks are not paying there student loans. But we have had record numbers of garnishment, litigation, and tax offset requests put in. I know hundreds of thousands of student loan borrowers are going to get hit with a harsh reality in the next 30-60 days. God help us all…
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Mr. Kay
Blog: http://www.studentloanfundamentals.com
Credit:
Fred Walker of Austin Bankruptcy Attorney explains how student loans are predatory lending. For more go to http://www.austinbankruptcyattorney.com
