Cody-Hopkins Law Firm

Cody-Hopkins Law Firm Colorado lawyer focusing on Chapter 7 & Chapter 13 bankruptcies and student loan debt counseling for individuals, entrepreneurs, and small businesses

Got kids? Think you already had enough to worry about? See how the Republican US House plans to curtail federal student...
05/12/2025

Got kids? Think you already had enough to worry about? See how the Republican US House plans to curtail federal student loans..
Will this pass? They have a majority..

Probably not for currently held loans, but for future years.

Please share widely and contract your House Rep especially if Republican!

https://prospect.org/education/2025-04-30-republicans-education-upper-class-privilege-student-loans/?emci=db198d14-8c2a-f011-8b3d-6045bded8cca&emdi=ba374e9d-b22a-f011-8b3d-6045bded8cca&ceid=10180730

The goal is to save money on higher-education assistance to pay for tax cuts for the rich.

Colorado Public Radio interviewed me about student loan repayments restarting:
10/04/2023

Colorado Public Radio interviewed me about student loan repayments restarting:

Starting this month, nearly 800,000 Coloradans are going to have another bill, alongside their rent or mortgage, utilities, phone bill and food purchases: student loans – after a three-and-a-half-year pandemic pause. Interest started accruing last month. A lot of rules and programs have changed. W...

Good article about student loan debt today...if you do not understand why people simply cannot pay their loans, take a m...
11/05/2017

Good article about student loan debt today...if you do not understand why people simply cannot pay their loans, take a minute to read this.

How universities, banks and the government turned student debt into America's next financial black hole.

New information from the CONSUMER FINANCIAL PROTECTION BUREAU ABOUT STUDENT LOANS --Too many student loan borrowers stru...
08/16/2017

New information from the CONSUMER FINANCIAL PROTECTION BUREAU ABOUT STUDENT LOANS --

Too many student loan borrowers struggling, not enough benefiting from affordable repayment options
bLOG By Seth Frotman and Christa Gibbs about 5 years of CFPB Student loan research – AUG 16, 2017

See https://tinyurl.com/yal4zznh

CFPB Summary:
For five years, we've heard from borrowers like you about the problems you encounter when repaying student debt, particularly when you run into trouble and need help finding a way to make ends meet. Today, we released a new report showing how student loan repayment has changed over the last 15 years. In our report, we show that many of the most vulnerable student loan borrowers continue to struggle. For many borrowers—particularly ones with lower balances, likely including many who have not completed their degree or certificate—the benefits of affordable payment options remain largely untapped.

This suggests increased efforts to help this population of “at-risk” borrowers access and enroll in affordable repayment options may be able to address an important driver of student debt stress. Nearly every federal student loan borrower has the right under federal law to make a monthly payment based on their income (known as Income-Driven Repayment or IDR). If you have low or no income, “payments” can even be as low as zero dollars a month. After 20 or 25 years, you may be eligible to have any remaining debt forgiven. Getting into an IDR plan can be an important buffer against economic uncertainty; it can be the difference between getting by and going broke.

But these new data raise questions about whether some of the borrowers who need these protections get the help necessary to benefit from them. These data also build on complaints and stories from tens of thousands of borrowers who have told us how, far too often, they’ve paid a steep price when their student loan servicer fails to provide a basic level of service, particularly if they are experiencing financial distress.

A new CFPB report shows that at-risk student loan borrowers are struggling with repaying their debts and are seeing their credit suffer.

Address

4610 S Ulster Street, Ste 150
Denver, CO
80237

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

+13032214666

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