Student loan help: How to avoid predatory lending

With student loan payments set to restart in October, many borrowers are starting to hear from "predatory" lending companies. So what is predatory lending and how can you avoid it? Student Defense Vice President and Chief Counsel Dan Zibel and Boies Schiller Flexner Partner Adam Shaw join Yahoo Finance Live to break down everything you need to know about "predatory" lending as part of the weekly series "Student Loans: Smarter Strategies." Zibel noted that "if it sounds too good to be true, it usually is too good to be true." The Student Defense Vice President also discussed the push by the Biden administration to assist students who have been defrauded by institutions. Zibel explained, "There is a process in the law known as borrower defense ... where borrowers who took out Federal student loans can apply to get their loans forgiven from the Federal government." Shaw broke down the recent Navient lawsuit, which resulted in a $198 million settlement for borrowers who filed for bankruptcy. Shaw said, "Everybody thought that student loans of all stripes persist through bankruptcy, but in fact certain private student loans do not persist through bankruptcy." Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp Connect with Yahoo Finance: Get the latest news: https://yhoo.it/2fGu5Bb Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV