The Institute of Student Loan Advisors Corporation (TISLA) was founded to ensure that all student loan borrowers have access to free, neutral and clear student loan advice and dispute resolution assistance. We are a 501(c)(3) non-profit who believes that these borrowers have a right to a trusted resource with industry experience to mentor, educate and advocate for them. Student loan borrowers have a right to such a resource without being charged a fee, barraged with advertisements or forced to provide personal information that may later be sold.
Our goal is to help you help yourself. We are not here to manage your student loans for you, but to give you expert advice and help you to manage them successfully. We will offer fair, neutral advice that outlines what you are eligible for that is in line with current regulation and statute.
What We Can Do For You
What We Cannot Do For you
- Offer expert advice on your student loans
- Help you decide which repayment plan make the most sense for you
- Determine if you are eligible for loan forgiveness or discharge
- Offer guidance in any dispute you may have regarding your student loans
- Guide you through completing required forms and applications
- Help you get out of a default or delinquency status
- Offer legal advice
- Offer opinions on a particular company or servicer
- Fill out or submit your forms for you
- Pay your loans
- Change the law or regulations
- Manage your loan accounts for you
From James D. August 1, 2018
“I am very happy that I found freestudentloanadvice.org. I was very frustrated with trying to solve my student loan issues on my own and Betsy was such a great help with advice and follow up. Thank you so much!”
How We Are Funded
At the core of TISLA’s values is the promise of free, neutral and transparent student loan advice. For that reason, we do not accept advertising funds from any businesses nor fees from consumers. TISLA is funded through grants, donations and our fee for service products we offer to employers, schools and associations with constituencies concerned with student debt.
Such donations and partnerships will be listed on this page to ensure continued transparency. If you are interested in helping to fund TISLA, a 501(c)(3) non-profit organization, please contact betsy “at” freestudentloanadvice.org or donate through donorbox online.
TISLA 2018 Annual Report
TISLA offers several affordable and customizable packages to suit your constituencies needs for expert student loan repayment education and assistance. These offerings are suitable for employers looking to attract and retain valuable employees or schools who wish to provide student loan assistance to their alumni, students and employees. Our services can also be a way for associations to provide additional value to their members. Please contact betsy “at” freestudentloanadvice.org for more information on partnering with TISLA.
TISLA is currently completing its board roster. If you, or someone you know, has a passion for the issue of student debt, can contribute their business, non-profit or other expertise and influence, and would like to consider serving, please contact betsy “at” freestudentloanadvice.org
To make certain that all student loan borrowers have access to free, neutral and accurate resources and mentoring to ensure they can successfully manage their student loan debt.
- To be of service to others
I am not a bankruptcy attorney, but I have helped many clients understand when they should look into bankruptcy and when there is no need for a bankruptcy filing because the clients have no assets that creditors can reach. If you are concerned that you are drowning in debt and don't know a good bankruptcy attorney to consult, you can make an appointment with my assistant and discuss your situation; I will be happy to refer you to good consumer bankruptcy attorneys if we decide that bankruptcy is appropriate for your situation.
Below is another article in the terrific series by the National Consumer Law Center on this important subject.
Deciding Whether to File for Bankruptcy: Consumer Debt Advice from NCLC
US Ed Department wants to protect Trump U. Type Scam Schools instead of Ripped-Off Student Loan Borrowers
HOW YOU CAN COMMENT:
This is one of the most frequent and difficult problems I run into - calls from people who are shocked to see their paycheck reduced by a wage garnishment or who are suddenly bouncing checks and getting hit with overdraft fees for debits and failed payment fees because their bank accounts were garnished ...
This problem is why you should NEVER ignore a demand letter or a lawsuit -- the problem you cause yourself when you do is always exponentially larger and more expensive to solve than the one you started with.
The federal student loan system has become so bloated and rife with abuse of borrowers by debt collectors that I'm forced to conclude that the only people who should borrow to pay for schooling are those who could afford to pay for the schooling without borrowing if they chose.
This story tells the tale, a ruthless firm that gets nice contracts to squeeze student-loan debtors, complete with morals that make the Sopranos enforcers look like choirboys.
A student loan expert writes:
Don't. Really. Just don't. Here's just one story of thousands about what can happen if you ignore this advice.
The good folks at the National Consumer Law Center have just issued a new report that addresses a lot of the problems with student loan lending (pdf download), particularly the problems caused by for-profit "education" mills that really seem to be about something quite different than education.
A frustrated lawyer in Alabama sums it up eloquently:
This whole area of law is completely out of control. We are creating a subclass of educated (and some not-so-educated) poor people. We are basically creating a class of indentured servants who were essentially unknowingly induced into loans that they cannot repay. Many were sold a bill of goods that they could get good jobs upon graduation and repaying their loans would not be a big issue, then the economy tanked.
This is a worse crisis than the mortgage crisis.
At least with a mortgage, once they foreclose, you can walk away - student loans are making American citizens slaves to debt collectors and banks - two of the most unscrupulous entities in our society.
The taking of 80 year olds' social security money to pay on 30 year old student loan debt is beyond inhumane. I am shocked there has been no rioting or occupy movements based on the outrageous laws Bush signed into law making student loans super-liens on par with, or maybe even above, the IRS.
Our founding fathers would not have stood for this type of treatment of their American people. This is a shameful time.
John Gear is a Salem attorney.