Because the student loan servicers and collectors are paid on commission, they have a vested financial interest in withholding this information.
Orange County CA (PRWEB) April 30, 2013
Student Loan Lawyer Elliott H. Stone announces the release of his latest book, “Student Loan Secrets ‘They’ Don’t Want You to Know About” (ISBN 061569196X), a comprehensive guide translating complex and confusing Federal student loan laws and regulations into plain English. Never before has one publication explained all of the Federal programs available to borrowers including: student loan forgiveness, forbearance, discharge, default, consolidation and rehabilitation into a single easy-to-read source. Stone’s all-inclusive book presents millions of troubled student loan borrowers with all of the options available for dealing with their student loans. With more than one-half of all student loans now in deferment or delinquent, according to a recent article in Forbes Magazine, there has never been a greater need for this information.
“Because the student loan servicers and collectors are paid on commission, they have a vested financial interest in withholding this information….millions of Americans who may be eligible to either reduce their monthly student loan payments or get out of default are simply not being informed of their options,” according to Elliott H. Stone, the book’s author and a practicing student loan attorney. “This information should no longer be kept a secret and must be disseminated to the public,” adds Stone. According to the White House Office of the Press Secretary, while more than 36 million Americans have student loan debt, only 450,000 participate in these programs (less than 1.3%).
Motivated by what he perceives to be a lack of public information on the subject, Stone wrote “Student Loan Secrets” to give the millions of student loan borrowers throughout the country the knowledge needed to make informed decisions when it comes to dealing with their student loans. Highlighting government programs that can end student loan default or lead to lower monthly payments, loan forgiveness, consolidation or even a student loan discharge, the book serves as a self-help roadmap of all of the options available for borrowers who simply want to know the truth about their choices.
The first book written by a student loan lawyer that goes beyond the current student loan crisis facing the country, “Student Loan Secrets” addresses the growing student loan problems facing the nation while presenting borrowers with a multitude of options and information at their fingertips.
“Student Loan Secrets: 'They' Don’t Want You to Know About” is available for sale online at Amazon.com (NASDAQ:AMZN) and other channels.
About the Author:
Elliott H. Stone is the founder and managing attorney of the California Consumer Law Center. Stone has fought, and continues to fight, for his clients’ student loan rights as one of the country’s leading student loan attorneys. Through his work with the California Consumer Law Center, Stone helps student loan borrowers lower their student loan payments, get their loans out of default and helps his clients pursue claims against abusive student loan debt collectors. He volunteers with the Harry N. Stone Memorial Volunteer Lawyer Foundation, a nonprofit named after the author’s late father, also an attorney, dedicated to providing legal services to the underrepresented and needy. Stone is an attorney, author and pilot who resides in Southern California.
Leonard J. Scheiner
E-mail: pr (at) mystudentloanlawyers (dot) com
Phone: (714) 669 - 3000
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