Chip Parker is the managing partner of Parker & DuFresne, P.A., where he represents Northeast Florida businesses and consumers facing bankruptcy, and homeowners facing foreclosure. His firm files more homeowners in the Mortgage Modification Mediation Program than any other law firm in Northeast Florida.

Parker is the recipient of Jacksonville Area Legal Aid's prestigious Award for Outstanding Pro Bono Service. Mr. Parker is an active member of the National Association of Consumer Bankruptcy Attorneys and National Association of Consumer Advocates.

 

Author: Chip Parker, Esq.

31 Dec Bankruptcy Mediation Program Discussed on 89.9 FM

WHAT: Bankruptcy attorney Chip Parker will join The Honorable Paul M. Glenn, Bankruptcy Judge,and the Chapter 13 Bankruptcy Trustee Douglas Neway to discuss the bankruptcy court’s new Bankruptcy Residential Mortgage Mediation Program. WHEN: January 5, 2012 at 9:00 a.m. EST WHERE: WJCT 89.9 FM or listen live...

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15 Nov Guaranteed Student Loans is an Entitlement for Public Universities, Too

In a recent BLN post, I suggested that student loans used for “for-profit” colleges be dischargable in bankruptcy since they make up only 10% of the guaranteed student loan market but account for 50% of the defaulted student loans. However, lest you think your sacred alma mater is above reproach, the evidence is clear that public universities are ripping off the middle class as well.

We often hear that entitlement programs are out of control and that the middle class can no longer support the elderly and poor. However, guaranteed student loans are the crack cocaine of higher education, and College Board’s recently released annual study proves it. The 2011 Trends in College Pricing Report lays bare the disturbing trend in higher education - We are getting less for more.

According to the study, in the last year alone, the average in-state tuition rose 8.3% (11.8 % in Florida and 20.5% in California), and during the last ten-year period at public universities (BTW, not much different for private universities):

  • The cost of one year of tuition, fees, room and board has risen more than 36% after adjusting for inflation.
  • The rate of annual increases of these annual costs has grown 75% over the previous ten year period.
  • Populations at these same universities has grown by more than 27%.
  • The number of undergraduate degrees has increased by more than 33%.
  • Inflation-adjusted faculty salary has grown only 1% with total compensation growing only 4%.
  • The number of instructors per 100 students has decreased by 6.8%!
  • The percentage of full-time instructors has decreased by 33%!

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