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Student Loans

How Can I Get Rid of My Student Loans if I Become a Teacher?


Question: Dear Steve, So let me start by thanking you for providing an avenue for people like me to ask you questions! I am really grateful for hopefully getting help with my debt problems. I am 24 years old and graduated from college over a year ago and now have over 100k in loans. The details of the loans are ... Read More »

    My Navient Student Loans Are Almost Paid But How Can I Settle Them?

    This boot seems to speak about this time of economic loss. Left alone, worked hard and cast aside.

    Question: Dear Steve, I have $13,364.87 debt in federal school loans through Navient, previously Sallie Mae. I have almost paid off the accrued interest. Only $26.53 of that total is interest. I have been paying since 2000. I have two loans. One was originally $23,972.99 and is now $10,905.11. The other was originally $5,500.00 and is now $2,486.29. Do you ... Read More »

      People Are Telling Me My Art Institute Student Loans Can Be Forgiven


      Question: Dear Steve, I’m a student at an Art Institute campus that is closing. Because of that I’ve been receiving several “debt forgiveness” “tips” from Student Optimum Services and American Student Loan Help Center. Are any of these valid? Answer: As far as I am aware, the fifteen Art Institute locations which will no longer enroll new students, are not ... Read More »

        I Just Filed a Pro Se Adversary Proceeding to Discharge My Student Loans


        Question: Dear Steve, Hi, just read your article. I’ve just filed an adversary proceeding in Brooklyn-Eastern District Bankruptcy Court against US DOE, requesting undue hardship discharge of student loan debt. Is there any update to this article, or any other information you’ve come across regarding attempts at student loan discharges? The study you reference in article was informative, but looking ... Read More »

          My Mother Demands Parent PLUS Loan Payments But Will Not Share


          Question: Dear Steve, Back in 2010 my mother submitted for Parent PLUS loans for my sister and I. Half the amount for my sisters education, half for mine. Right now we are in the repayment process. Both my sister and I did not finish our education and stopped when we realized the amount of the loans. So we do not ... Read More »

            My Wife is Mentally Disabled. Can Her Student Loans Be Forgiven?


            Question: Dear Steve, My wife graduated in 2001 B.a. degree music. Accumulating $154,000 student loans. She has been on permanent disability since 2000. Benefits of $547 month. I am 70 work to maintain medical insurance income $2000 month. We have filed bankruptcy twice due to long term medical bills. last time Jan 2010. My wife has attempted to work twice ... Read More »

              I’m Disabled and Having My SSI Garnished for Student Loans. What Can I Do?


              Question: Dear Steve, In my 3rd year of college, Dec. 1988, I was involved in an auto accident with a semi. My head hit the steering wheel with force and I have CNS damage and lesions on my brain. I went right back to school and failed class after class. I did not have continuous memory for 6 months. I ... Read More »

                My Student Loan Balances Enlarged Without My Permission


                Question: Dear Steve, Back in the early 90’s I took three loans equaling 6000 dollars. I failed to complete the program I was in enrolled in and never received my certification. Unable to get a job in the field I had been training for I consolidated the three loans into one thinking the payment would be lower and less to ... Read More »

                  My Ph.D. Loans Will Leave Me Old, Broke, Hungry, and Cold

                  break free from prison pressure or quit job running away towards

                  Question: Dear Steve, I have $175,000+in student loans from grad school programs. My first grad degree program was a PhD in political science; the second a high school teaching license in social studies. Neither field has been hiring over the past 15 years at anything other than a negligible rate. Because I have my masters degree, I am more expensive ... Read More »

                    My Art Institute and Fullsail Student Loans Are Outrageous and Unaffordable


                    Question: Dear Steve, I have obtained private loan debts from for-profit schools such as the Art Institutes and Fullsail. These debts have doubled from the interest alone. I find myself in a cycle: when I do work, all of my income goes to paying the minimum payment, or I go back school, but a legitimate state school to postpone payments. ... Read More »

                      What Can I Do to Get Out of Being a Cosigner on a Private Student Loan


                      Question: Dear Steve, I co-signed a private student loan in 2005 for my ex-wife (she was not my ex-spouse in 2005). The amount was $10k. Current balance is ~$6,400 and is in deferment (1-2 months left on that). She agreed to pay it post-divorce but fails to do so unless her arm is twisted enough (usually when it becomes 120+ ... Read More »

                        Why is Navient Chasing My Cosigner for My Student Loans?


                        Question: Dear Steve, I made the mistake of attending a for-profit college and, like most students, took out a bunch of loans to be able to complete my education. Also, like most students, I didn’t know what I’d be getting myself into with private loans, which were taken out with Sallie Mae (now Navient). I’ve been trying unsuccessfully to find ... Read More »

                          Navient is Being Rude and Nasty But I Can’t Pay


                          Question: Dear Steve, I attended UMFK, took every private and federal loan offered to me for my tuition because I was young and dumb. I graduated with a measly associates in general studies, and work full time as an insurance agent making a take home of about $17,000 ($10,000 of that goes to childcare). Granted I do pay my family’s ... Read More »

                            I Went to a Scam School and Now I Have Private Student Loan Problems

                            Adult Ed - Questions

                            Question: Dear Steve, I got suckered into a month long school that promised a job as a finance manager at a dealership upon graduation. They had all kinds of people working there with a background in dealership management, so I never thought to ask an F&I manager. Once I graduated, I walked into a dealership to apply, and they laughed ... Read More »

                              How Can I Stop My Perkins Loan Wage Garnishment?


                              Question: Dear Steve, 3 years ago, I received a letter from my employer stating that there was a judgment against me for a perkins student loan that I signed off on after I graduated, agreeing to pay a debtor (not knowing the damages that this would cause in the future). I should have never signed the contract because I didn’t ... Read More »

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