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Chris Malone

Recently, Chris Malone changed his schedule from 3pm- 7pm  to 5am-10 am and now can be heard with Storm Roberts and Janie Pope weekday mornings.  Some still say he's still quite possibly the best voice you will hear all day!

Student Loan Default? What To Do

I am one of those who believes the next big bubble to burst is the student loan debt.  Let's be honest, most of us borrowed to attend college in the hopes of landing a more financially viable job.  But with the recent impasse with congress letting interest rates of student loans double and tuition continuing to increase and the confusion of how many loans, where they are and when each of them become due for payment it raises some serious questions on what happens if you default?

This article from Main Street USA goes over what happens after 270 days and how as much as 15% of your income can be automatically garnished to pay off the loan.  But don't lose hope.  As a former employee of a student loan servicing company, you have two options.  Loan rehab with the guarantor and consolidation. See the differences of each by clicking here. 

It is ridiculous to have so much debt in hopes of landing a better paying job.  What's the point?  Colleges and universities need to remember that when asking each student to pay more in order to reach the American Dream.

-Chris Malone

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07/24/2013 5:24AM
Student Loan Default? What To Do
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