Question: Dear Steve, I’m in a halfway house nearing the end of my federal incarceration. I will have completed ten years and four months. I have been looking at info on having my student loans written off. I’m working on getting the information I need, but can this still work? Was I supposed to do … Read more
Question: Dear Steve, My son’s student loans are now due through Sallie Mae (not federally funded). Seven loans totaling just under $40,000.00. The interest rate for each loan varies from 7.25% to 9.625%. We are looking to consolidate into one loan with one monthly payment. We have received a lot of mail offers and wonder … Read more
Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its allegations that Performance SLC, a student loan debt relief business, and Performance Settlement, a general debt-settlement company, along with their owner and CEO, Daniel Crenshaw, engaged in wrongful fee-charging practices and deceptive telemarketing. Performance SLC unlawfully collected upfront payments from borrowers … Read more
Question: Dear Steve, I graduated from college in 1998, and my loans have been in and out of forbearance (mostly forbearance), just accruing more and more interest. Thanks for sharing the information on the latest Dept. of Education announcement regarding forbearance steering relief. So, in theory, if someone has loans in both repayment and forbearance … Read more
Question: Dear Steve, I have eight private student loans past the statute of limitations, which fell off my credit report, with interest combined to over $200,000 debt value. One loan, the largest loan in my account, has been forgiven by Navient, which I recently learned via email. I wanted to share this email with you, … Read more
Question: Dear Steve, I am a 100% T&P disabled veteran and eligible to discharge my federal loans if they were under my name. My family’s federal student loans were consolidated under my wife’s name, partly because I was in a bad way, and I was unable to help with the process. My wife and I … Read more
Question: Dear Steve, My 42-year-old son has two student loans totaling approx $9000. He’s currently serving a 10-year minimum sentence in Carson City, NV, in a state facility, not federal. He has approx five years left in prison. He wants to get a college degree while he’s in prison. I’ve contacted the Dept of Education … Read more
Question: Dear Steve, I have been making my student loan (IBR) payments during the forbearance period believing that I was still employed part-time and not in grave need. I know the principle has been reduced during this time, but, frankly, my student loan of over $125,000 will be there until I am 90 years old, … Read more
Question: Dear Steve, I took student loans out just over 20 years ago-earned little money since- I was always encouraged to go into forbearance instead of a contingent or IBR – on social security and so now only 856 monthly- my loans are 35000 versus 14000 borrowed-I am in IBR now for last couple years. … Read more
Question: Dear Steve, I have an education loan I took out in 2003, which was initially about 85,000 and is now about 120,000. But unfortunately, I cannot afford the monthly payments, and it is a private loan. I have tried to maintain it out of default for years with Income-based plans, deferments, etc. I recently … Read more
Question: Dear Steve, I originally borrowed a lot of private loan money from Sallie Mae (7 different loans). Unfortunately, they all defaulted once I decided to stop paying (because my minimum/interest-only/salary-based payments did nothing). I paid a company to help me get collection companies to validate the debts, which they couldn’t, so I was never … Read more
It looks as if the end of the road has been reached for Consumer Advocacy Center and the associated entities: Premier Student Loan Center, True Count Staffing, SL Account Management, Prime Consulting, Financial Preparation Services, TAS 2019, Trusted Account Services, Horizon Consultants, First Priority, Priority Account Management, Albert Kim, Kaine Wen, Kaine Wen 2017 Trust, … Read more
Around 2,500 prisoners sit on Death Row in American prisons. Nearly 700 condemned men await death in the Golden State of California. A couple hundred are housed on Death Row in Texas, the Lone Star State. And Florida–the Sunshine State– has 330 prisoners who’ve been sentenced to die. How long do condemned prisoners sit in … Read more
Question: Dear Steve, I’m at the halfway house finishing up an 8 year and 2-month federal prison term, and I have a student loan for about $70,000 and I have been struggling even before I started my sentence, I would to ask where I can go for help on my loan. How to get help … Read more
Question: Dear Steve, I went to Penn state from 2012-2015 and gained a HUGE $100,000 of debt (now at $80,000). Initially, I had probably seven different types of loans. When I applied to PSU, I was out of state, applied for FAFSA, 60 or so scholarships, and all the financial aid I could get. Well, … Read more