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, …
Question: Dear Steve, I was incarcerated for 20 years. During this time, my student loans were declared unrecoverable and were transferred to the IRS as a capital gain. At least that is what they informed me. All but one. for some reason this $2700 loan was not included and has grown to 5700 with 20 …
Question: Dear Steve, I’m 70 years old with almost $250k in federal student loans. I’ve been on IBR and have a $0 payment so far and am on SS. When my IBR tenure is completed (25 years), will the amount that has been “forgiven” be considered Capital Gains, and thus will I have to pay …