I personally love the internet and all it can do for me. I can’t believe that I remember a time without it.
That being said, there’s a lot of misinformation out there on the Web about student loans. One client rather excitedly came in to show me a YouTube video by some lawyer in New York who said that student loans were unconstitutional and to not pay them. He was very disappointed when I told him the truth: That this guy was (in my opinion) a kook and he should be sanctioned by the Bar for such reckless advice. Another internet rumor is that National Collegiate Trust will automatically dismiss it’s case against you if you fight them. Sadly, that’s not true either.
The problem is that sometimes it’s very hard to tell what the good information is from the bad. That’s where someone like me comes in.
So, be careful out there. The old saying: “if it looks too good to be true, it’s not” is surely applicable in the mix of student loans and the internet.