Tag Archives: ibr
- Are My Student Loans on the IBR Plan Dischargeable in Bankruptcy? – Nick
“Dear Lewis, I’ve got about $80,000 in consolidated student debt on the IBR plan. Good job, making about $48,000 a year. But since I’m not a doctor, lawyer, or wall street guy, I’ll never reduce the principle, and 25 years is a long time. Would bankruptcy clear this? And if so, then why not just [...]
- I’m a Single Mom and Up to My Eyeballs in Student Loan Debt. – Debbie
“Dear Steve, Single Mom. In debt up to my eyeballs. College loan from 1985 just wont go away. Originally owed 12, 400, approx. Now I owe over 24,000. I have exhausted all options to get help. I am on a graduated repayment program. The only thing left for me. This means my payment will go [...]
- How Will Student Loan Reform Help Me Get My Defaulted Loans Back in Shape? – Jennifer
“Dear Steve, I defaulted on a student loan and need to get back on my feet. It has CRUSHED my credit (currently at 520) so i do need to improve. How does the new student loan reform affect those that already defaulted? Can those with a defaulted loan get some relief and improve their credit [...]
- Is It Illegal For Me to Have to Pay More Than Half My Monthly Income to Student Loans? – Kandyce
“Dear Steve, I graduated from four years abroad in 2009 with about $180,000 in Private Student Loans with Sallie Mae. On top of my federal student loans and loans sold to the Department of Education, I am currently paying almo0st $1100 a month, on a “2 year, interest only” repayment plan. Sallie Mae’s only other [...]
- We Are Trying to Get Out of American Educational Services Student Loans
“Dear Steve, My wife returned to school several years ago and took out some student loans. Those loans were eventually sold to aes. One was for about $10,000 and the other for about $8,000. She has been paying the minimum statement for five years, (about $9,000) but the amount owed hasn’t decreased! The payments are [...]
- I Work as a Correctional Officer With Loads of Student Loan Debt. – Lynn
“Dear Steve, I enrolled in college and the student loan money was easy to get. Now the money is due and we are being crushed by the payments of the student loans. I have close to 70k in student loans and my income is not going to be substantially impacted by my degree. We put [...]
- My Social Security Number is Off By One Digit. Do I Still Have to Repay My Student Loan? – Steven
“Dear Steve, I have recently filed for bankruptcy. After the discharge I found out about a student loan that is now in collections. (I assume the collections agency was able to locate me due to the bankruptcy filing.) The problem is that the social security number the collections agency has for me is incorrect (off [...]
- I’m Willing to Co-Sign a Loan to Help Out My Guy. – Lou
Lou wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- I’m in Debt to the IRS and Student Loans Only. What Can I Do? – Veronica
Veronica wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- We Are Spending Down Our Savings Trying to Make Ends Meet. – Patch
Patch wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Website Offers Helpful Advice for Those Looking for Student Loan Forgiveness
The IBR Info site at www.ibrinfo.org appears to be a good source of information on income based repayment options and student loan forgiveness programs. For those working in public service jobs, the site give you information that can help you to eliminate your student loan debts based on your job.