Exploring Options for Private Student Loans: What Borrowers Need to Know
With all that’s going on surrounding student loans, private student loan borrowers have been feeling left behind as the focus has been on federal loans. Private student loans, for some borrowers, can be a necessary resource for funding higher education, and they come with their own unique considerations and challenges. Unlike federal student loans, which…
Read MoreHow to Deal with Your Federal Student Loans Post-SCOTUS Decision
On Friday, June 30, 2023, the U.S. Supreme Court rendered a highly divided decision that blocked President Biden’s federal student loan cancellation plan, with six of the justices striking down against cancellation. This decision had a significant impact on nearly 40 million Americans who were anticipating relief from overwhelming student loan debt. While we are…
Read MoreManaging Payments and Exploring Options For Borrowers in 2023
The federal government paused student loan payments and interest accrual on federal loans in March 2020, but that pause is set to expire this fall, with interest accrual starting September 1st and payments resuming October 1st. Throughout the payment pause, it is possible that your loans were transferred to a new loan servicer (or…
Read MoreRebuilding Futures
Evan* approached NWCLC when he found himself overwhelmed by mounting credit card debt and student loans. Evan was facing daily struggles of managing a chronic health condition that significantly impacted his mobility and ability to work a full time job and pay off his debts. After exploring all of his options with NWCLC, he ultimately…
Read MoreTriumphing Over Debt
Jason* was facing a daunting lawsuit from a debt collection company for nearly $15,000 in medical debt that he could not afford to pay. Over the course of several years, Jason endured multiple surgeries and spent months hospitalized. Compounded by his significant immunocompromised state, Jason was forced to make a difficult decision to resign from…
Read MoreHow The Fair Shot Act Will Keep Families Out of Poverty
On May 9th, 2023 Governor Inslee signed The Fair Shot Act into law. This significant legislation was a direct response to the growing living costs in our state, addressing the need for updated personal property exemptions that reflect the current economic reality in Washington for low and moderate income families. With The Fair Shot act…
Read MoreTribute to National Consumer Protection Week
It’s the start of one of our favorite times of the year: National Consumer Protection Week!
Read MoreMaking Way for a New Path
Alex worked as a full-time photographer and ran a soundly running small business that suffered financially when the Covid-19 pandemic hit. Alex, out of necessity, started putting all his living expenses on credit cards as his small business was his main source of income. Fortunately for Alex, his small business started to slowly recover as…
Read MoreGetting a Fair Shot
After a year since its launch, we got to see our bill, The Fair Shot Act, pass the senate on the first of February. This is exciting news as this act will bring Washington’s exemption laws to reflect the current cost of living in our state.
Read MoreStudent Loans Go Before the Supreme Court
On February 28, 2023, the Supreme Court of the United States will hear oral arguments on two separate cases, both of which challenge President Biden’s loan forgiveness program.
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