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Student Loans

If I File Chapter 13 Bankruptcy Will My Son be Protected?

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Question: Dear Steve, I am the cosigner on my sons private student loans. I have been paying them because he is nowhere near able to pay the large amount. All was well until I had incurred very large credit card debt. I am thinking about filing a Chapter 13 bankruptcy. Will the automatic stay keep the lender from going to ... Read More »

    Can I Settle My Student Loan Debt With LendKey or Aspire Federal Credit Union?

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    Question: Dear Steve, Private loans. Debt balance $39K. I have switched lenders many times. Finally got an interest rate lower than 8.9%, making some head way on my loan however I’m still being jerked around. Is it possible to request a settlement on a current loan? My lender is LendKey. They had me go through a credit union (Aspire) I’m ... Read More »

      Is Income Based Student Loan Forgiveness a Real Reality?

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      Question: Dear Steve, After 12 years of schooling to obtain a doctorate in veterinary medicine as well as a masters in public health, I managed to accumulate over $300,000 in students loans by the time I graduated in 2009. Following a 1-year internship where I needed to defer the loans, this increased even higher. Consequently, I have had to transition ... Read More »

        I Can’t Afford to Pay My Mom’s Parent PLUS Loan for My Education

        Skidding

        Question: Dear Steve, Hey there, so my stepmom took out a parent plus loan to the tune of $100k to pay for my tuition. Obviously, I’m the one stuck with that bill now. She makes about $18k per year so she can’t pay it nor can she help me pay it. The curveball here is my Dad. My Dad makes ... Read More »

          Should I Just Defer My Navient Loans? – Katie

          crystal ball

          Question: Dear Steve, Hi Steve. So I just spent an hour calling at least 5-7 different numbers of Navient’s trying to find information about my newly defaulted private loans. Because they literally defaulted today, all I was told is to call back by Friday when they’re in the system. My question for you is if I have the option to ... Read More »

            Can We Take Over the Parent Plus Loan from Mom?

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            Question: Dear Steve, My wife and I are both active duty military. All of my college was paid for using the GI Bill and Tuition Assistance. Unfortunately, my wife did not join the military until her second year of college so she had to get a loan to pay for her out of state tuition. She took the loans out ... Read More »

              Are My National Collegiate Student Loan Trust Expired and Not Collectible?

              happy

              Question: Dear Steve, Son has private student loan. National Collegiate Student Loan Trust is now suing him. He took out loan in 2007 and they sued him a couple of months ago. When does the Statue of Limitation run out private student loan in California? When does Breech of Contract occur? If you have not paid any thing on a ... Read More »

                Is There a Private Student Loan Consolidation Program to Lower My Interest? – Adam

                Decision time

                Question: Dear Steve, I have about 96,000 in PRIVATE student loan debt. I got off to a rough start with payments when I graduated in 2011 but since late 2012 I have been paying faithfully and haven’t made a dent in the balance. I have written numerous times to Wells Fargo, Navient (first Sallie Mae) and AES (previously Chase) to ... Read More »

                  How Can I Hide From the Student Loan Collector?

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                  Question: Dear Steve, I went to college from 1994-2001 with a break from 1994-1997 for a religious mission. I studied electrical engineering but they kept changing my course requirements and I did an internship I didn’t enjoy, and it was 2001, so my final semester was basically 911. I tried to pay but I have just lost my job every ... Read More »

                    Can My Physicians Assistant Husband Find Any Help for His Student Loans? – Tammy

                    medical-bills

                    Question: Dear Steve, In our case have very low interest rates therefor we are able to pay each of the student loans in full payments every month. By the way my husband is a physicians assistant which as you know is 6 years of school so therefor we have 6 yrs of debt. The federal government loans are the ones ... Read More »

                      I Make Too Much Money to Repay My Student Loans. – Nick

                      chihuahua with a donation can collecting money for charity isolated on white background

                      Question: Dear Steve, Great credit and can afford student loan payment, but I can only afford the interest only payment. Any options for a guy who wants to pay his student loans off, but hates how Sallie Mae, Navient, etc work? Essentially I need a 0 percent 30 year loan and I could pay these things off. I know I ... Read More »

                        After Graduating My Field Can’t Support My Debt. – Julie

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                        Question: Dear Steve, I am 58 years old and attended graduate school at a public school in an accredited program in vocational rehabilitation counseling. This degree has proven to be a dead end in my state. The state agency for which the vast majority of graduates end up working for is on the verge of collapse and employees are being ... Read More »

                          I Graduated From College With So Much Debt, There is No Hope

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                          Question: Dear Steve, I am over $150,000 in debt from students loans, approximately 100k is from private student loans, 4 separate loans, while the remainder is various federal loans. I am 24 years old and got this debt from undergraduate education where I got a sociology degree and now at my first job make less than 35k/year before taxes. In ... Read More »

                            I Stopped Paying My Daughter’s Cosigned Navient Student Loan. – Rosie

                            caution

                            Question: Dear Steve, Hi Steve, I co-signed my daughter’s student loans which she and her husband stopped paying because Navient was asking for $1,100 a month (he lost the overtime advantage he was using to pay back the student loans) and all I could help towards that was $200. My daughter directed me to your site and we decided to ... Read More »

                              Why is My Son’s WyoTech Navient Student Loan Being Reported as a Federal Loan? – Ava

                              Whiteboard

                              Question: Dear Steve, My son had a Sallie Mae student loan…it was sold to Navient which turned it into a private loan or so they tell me. We have tried the loan forgiveness or reduction twice with no results because it’s a private loan. The lender as so stated on his account site says “Navient Federal Loan Trust” How can ... Read More »

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