Monday, October 31, 2016

Think the 2016 Election Will Change Things for the Better for Student Loan Borrowers and their Families?  

Think again.

Clinton, Trump, Members of Congress and all their pals on Wall Street and investors Everywhere can seek relief from insolvency and huge debt from Federal Bankruptcy laws in the US of A.  Invest in yourself by going to college and borrowing money to do so, graduate to a low-paying job market or get sick and unable to afford paying your student loans and YOU HAVE NO SUCH PROTECTION.  Ditto for parents who step up and help their kids by co-signing for a student loan but who are saddled with it if - for whatever reason - the child cannot or does not pay it back!

Time to start asking those we elect why this is the case? Why there is no equal protection of the law(s) when it comes to people investing in themselves? Perhaps it has something to do with all that campaign money given to incumbents by Federal Student Loan collection agencies and federal contractors and also to LOBBY the people you elect? See, for instance, info at these links:


What to do:  Learn how to run for Congress and do so starting in 2017. See how responsive those we elect suddenly become!  And if not, replace them and get going yourself to change the laws so they apply to ALL investors, especially to college student loan borrowers and their families who invest in themselves but who get no positive return on their investment!

Monday, January 25, 2016

Mom Gets Help with Student Loan she co-signed from her US Senator after Son Passed Away


on January 23, 2016 at 8:29 AM

To the Editor:
I wish to thank Sen. Charles Schumer for his assistance in obtaining loan forgiveness for private education loans I co-signed with my son, Jonathan Heerkens, who passed away in 2011. If a student passes away during the repayment period, federal education loans are forgiven but private loans to not include that provision.
Several times I contacted the institutions that issued the private loans and was told that my request could not be honored. I eventually wrote to Sen. Schumer's office and received a prompt resolution. My case was assigned to a member of his staff who contacted me via phone, mail and email to apprise me of the progress of my request. I received the same personal correspondence when the issue was resolved.
I am eternally grateful to Sen.Schumer for his assistance and wanted to share his good work with his constituents.
Kathy Cardina
Marcellus, New York