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In the latest news, the Federal Reserve's Board of Governors warned that soaring student-loan debt features "parallels to the housing crisis," in accordance to a May report in Bloomberg. As with housing, free-flowing cash will lead to extensive standard. Of program, it's easier to repossess a tract household than to take back once again a potentially useless degree.

Federal Reserve Chairman Ben Bernanke dismissed these issues by saying that many of the cash in the student-loan sector is federal cash, which just means taxpayers – instead than lending institutions – will take the initial hit. But the board of governors makes a salient point as student loan debt soars to $1 trillion and surpasses the nation's level of credit-card debt.

"The bankers said student lending shares functions of the housing crisis including 'significant growth of subsidized lending in pursuit of a social good,' in this case higher education rather of expanded home ownership," according to that Bloomberg report. "The financing features placed upward force on tuition, simply as the home loan lending growth led to rising home costs, they stated, calling both examples of a 'lack of underwriting discipline.'"

For my entire life, I've heard policy manufacturers insist that there surely is inadequate funding for training and that getting an university level is the pathway to a much better life. But as the bankers noted, the ocean of student-loan money artificially boosts the cost of tuition, which produces a brand new period of indebtedness by students. Greater tuition makes "pay-as-you-go" a less-likely choice.

D.J. Rausa

With over 21 years of experience as a consumer bankruptcy attorney, D.J. Rausa stays on the cutting edge of Bankruptcy and Student Loan Law which enables him to provide vital information to his clients.

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Thank you DJ!

I had no idea where to start with my bankruptcy and process. After my first meeting with DJ I felt confident that things were going to go well. He helped guide me through the entire process and time. 

He's very professional and courteous, thorough and extremely knowledgeable. 

I would recommend anyone that needs a bankruptcy lawyer/ student loans. 

Don't have a second thought when choosing DJ Rausa!

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Posted by a client - February 15, 2016

AVVO Lawyer Rating is Superb!

Respected Legal Source

D.J. Rausa interviewed by the Wall Street Journal for article on Bankruptcy and Student Loan Debt.

D.J. Rausa is recognized as a legal expert in Student Loan Debt Resolution and the associated Bankruptcy Laws.

Read what D.J. recently told The Wall Street Journal regarding the probable rise in Student Loan Debt Resolution through Bankruptcy.

Client Testimonial

To whom it may concern,
Mr. Rausa is extremely knowledgeable with the complexities of Federal Student Loans.
I went from a thriving career to full medical disability, ending with an SSDI placement. Unfortunately, I lost everything and became unable to continue making the student loan payments, so it was in deferment for over five years. When the SSDI settled I tried to negotiate an affordable payment plan with the loan holders but they refused my efforts, instead demanding over twice the amount I could afford.
I contacted Mr. Rausa and found him to be courteous, responsive and quick to assess my situation. He was sure he could help and took time to answer all questions, which relieved much anxiety. Within months he successfully resolved the debt! With much confidence, I highly recommend Mr. Rausa.
Please contact me if you have any additional questions.
Sincerely,
 CJWaldenSignature
CJW
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