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Category Archives: NJCLASS

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

Letter to editor about NJCLASS is right on

In the August 28, 2014 edition of the Times of Trenton newspaper, a reader wrote a letter to the editor urging changes to the NJCLASS student loan rules. According to the published letter, the letter writer happens to be an employee of the State of New Jersey. He complains that while NJ state income-tax money… Continue Reading

The secret of the growing NJCLASS loan

“How did my NJCLASS loan balance get so high?” This is a common question that stretches beyond just NJCLASS loans, as it affects most student loans. Many student-loan borrowers wonder how their student loan balance grew to be so high, especially when it’s only been a few short years since the original loan amount was… Continue Reading

NJCLASS loan in default? What to do

Do you have an NJCLASS loan in default?  Here’s what happens and what you can do. NJCLASS loans are set up in a certain way to keep most borrowers from defaulting.  The primary method that NJHESAA seems to use to keep NJCLASS borrowers from defaulting is by requiring cosigners. New Jersey state law governs NJCLASS… Continue Reading

The trouble with NJCLASS loans

 In my view, NJCLASS loans create a special set of problems. The following is meant as an introduction to just a few of them. If you don’t already know, NJCLASS loans are New Jersey-based student loans offered to New Jersey residents to attend in-state or out-of-state schools or to out-of-state residents to attend New Jersey… Continue Reading