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Student Loans

Is US Hardship Group Too Good to Be True? – Marie

Beautiful woman with question bubble

Question: Dear Steve, I’m a believer that if it seems too good to be true, it’s usually not true. But because I am a co-signer to a large student loan, I thought I would run this letter past you. It seems like a scam, but I’d like a second opinion. I’ve attached the letter. Is the attached letter a scam? ... Read More »

    It’s Unfair We Can’t Consolidate Our Spousal Consolidation Loan

    help woman

    Question: Dear Steve, I am in the same sinking ship (spousal consolidation); however, my wife and I are still together. We are both working for qualified organizations for the Student Loan Forgiveness Program, but AES and DOE will not approve it…Help!!! I really need help with this. I don’t want to avoid payments or the debt, but I do want ... Read More »

      I Didn’t Graduate From Medical School But Have All the Debt

      In God We Trust

      Question: Dear Steve, I am 800k in debt for medical education but I failed the final national board exam and was dismissed from school with no degree. I have an Assoc degree that I can use to make 70k/yr but definitely won’t be enough to make my loan payments. 240k private 620k fed and maybe forgivable after 10yrs of 10% ... Read More »

        Van Ru is Still Chasing Me for My Federal Student Loans

        Whiteboard

        Question: Dear Steve, Well I went to school for Commercial Illustration back in about 2000. I didn’t feel right about the large amount of loans they were giving me but I really wanted to be an illustrator, so I gritted my teeth and bared it. The few grants I did get started to dwindle more and more each year, while ... Read More »

          Is This Private Student Loan Company Legitimate?

          bad dog

          Question: Dear Steve, Student Loan Help, I read your article about SLS Managers and filed a complaint myself last year. I attended Westwood College Online in Colorado for Graphic Design from Aug 2008 to Oct 2010 and am paying Sallie Mae / Navient loans in the amount of 58,000 12,000 in Private and 46,000 in Federal loans for an Associates ... Read More »

            I’m an Attorney. Should I Default on My Private Student Loans for Law School?

            apple bobbing

            Question: Dear Steve, So you’re only the second person in the world I’m telling this to because I was embarrassed by my decision to default on my private law school student loans back in 2014, but now I’m thinking I may be a genius. So I went to law school at large private school in Manhattan. I still live in ... Read More »

              Should I Cash Out Retirement to Pay Parent PLUS Loans Off?

              bad decisions

              Question: Dear Steve, Single 60 year old woman with parent loans of $60000- 8.5%- since getting divorced have been unable to pay – loans in deferment Does it make sense to take money out of my retirement funds ($80000) to pay off the loans at this point? I am unable to save for retirement now but I don’t see any ... Read More »

                Will I Be Chased in Mexico for My Private Student Loan?

                Money puzzle piece

                Question: Dear Steve, I am a Canadian who was given a USA private student loan with EdInvest that was then transferred to FirstMark Services, who now has my loan. I owe approximately 21000 USD and I am unable to make the loan payments. I do not live in the USA. I have 2 children and need the money for basic ... Read More »

                  Should I Go With Student Loan Assistance Center for Help?

                  process

                  Question: Dear Steve, Student Loan Assistance Center SLAC said that they would help me with my student loans. I currently have $307,500 worth of them right at 50 when I checked myself. I currently don’t have a source of income, and I still have two children in the home. They wanted me to come up with $799 for a loan ... Read More »

                    I’d Like to Know if My Student Loans are Now Eligible for Forgiveness

                    Patriotic senior woman waving flags and smiling

                    Question: Dear Steve, I am contemplating my options for some of the new govt student loan forgiveness programs (working a govt job or time based), and I trying to track down how much “official credit” I have accumulated towards student loan payments since loans were taken out in 1994. I have been paying on the loans off and on since ... Read More »

                      I Paid Off My Student Loan But My Tax Refund Was Captured

                      Portraits of people thinking

                      Question: Dear Steve, Back in 2011, I paid off my student loan in full for $10,152. I had purchased a money order at United States Post Office. I received a settlement of close to $100,000 at that time in March 2011. I wanted to pay off my loan so I wouldn’t have to think about it again. Now forward 5 ... Read More »

                        Should I Not Bother to Call My Student Loan Collector?

                        french bulldog dog listening or talking on the can telephone isolated on white background

                        Question: Dear Steve, So, when I was 18, I went to ITT Tech. I got in debt with them and eventually had to drop due to failing grades. So, I owed 2 different types of loan, a federal and a private loan. The private loan was 15000 at the time I was 18, because I was only working part time, ... Read More »

                          How Can I Go Back to College When I’m Behind on My Loans?

                          Ouch comic speech bubble image with hi-res rendered artwork that could be used for any graphic design.

                          Question: Dear Steve, I never fully understood the who applying to college process when I was in high school. My guidance counselor basically told me apply to a college, use grants and scholarships and if your unlucky use your guardians/parents and/or loans. I didn’t even know how to find the college for me or apply. I was born in America ... Read More »

                            My Life Didn’t Turn Out Like My Student Loans Wanted

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                            Question: Dear Steve, I attended a private college and felt super confident I’d have no issues finding a job after college with an AA, because of everything I was told at the school. I had a difficult time finding a job, I had to return to my old job, which had NOTHING to do with my degree. I then learned ... Read More »

                              I’m a Teacher. How Can I Lower My PLUS Loan Payment?

                              Decision time

                              Question: Dear Steve, My student loan (originally taken out for my children) is now owned by the government and administered by fedloan.gov. The loan is in my name alone — my wife is not on the loan. 1. Does filing separately exclude my wife’s income from consideration in an IBR? When I started with fedloan.gov my payments were $0, but ... Read More »

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