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Category Archives: Debt impact

Attorney Jennifer N. Weil interviewed about NJCLASS loans

The story appeared first in ProPublica and the New York Times, jointly, about the inflexibility of NJHESAA regarding NJCLASS loan repayment terms and the aggressive tactics the state agency uses in collecting these loans. The New York Times story is here: NY Times story on NJCLASS and the ProPublica story is here: ProPublica story on NJCLASS.

Then, NJTV reported on the story, producing this segment: NJ Students Find HESAA Loans Unforgiving

If you are thinking about taking out an NJCLASS student loan, you should carefully consider the information presented in these stories. Student loans these days can be quite large due to the ever-increasing costs of education; therefore, you should take extra care when deciding who your lender should be.

If you’ve taken out NJCLASS loans in the past and you’ve defaulted, you may wish to seek legal counsel. Attorney Jennifer N. Weil offers consultations about student debt problems; please call (201) 676-0722.


Has your student loan debt hit the roof?

Instead of working another day for another dollar – it’s for another student loan payment, right? Just ask any recent college graduate, whose average student debt is nearly $30,000! If you’re a former college student with high student loan debt, you know how hard it is to make your student loan payments. Not only are the loan payments hard… Continue Reading

Student loan debtors less likely to buy property, says the NY Times

On the front page of Saturday’s Real Estate section, The New York Times has done a decent job of tying together the student loan crisis and debtors’ resulting lack of participation in the larger economy, although I think they could have picked some better examples. Admirably, the article includes a quote from one student loan… Continue Reading

Report: Black recent college grads more likely to be un- or under-employed

In May 2014, the Center for Economic Policy and Research published a report entitled “A College Degree is No Guarantee,” which focuses on the experience of black college graduates in the labor market. Here’s a breakdown of the executive summary:  In 2013, the unemployment rate for black college grads between the ages of 22 and… Continue Reading