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Student Loans

Can We Release the Cosigner on Our Parent PLUS Loans?

Student Loan Corkboard Concept

“Dear Steve, My husband took out several Direct Parent Plus loans for our daughter’s education (federal loans). Because his credit wasn’t the greatest my father-in-law endorsed those loans. Now that my daughter has graduated we consolidated those loans. We only make about $60,000 a year between the two of us so we need a repayment plan with low payments. We ... Read More »

    Sallie Mae Won’t Help Me Lower My Interest Rate

    Mature woman confused

    “Dear Steve, Student loans from 1997 at 8.5% fixed rate when consolidated federal loans. I cannot get any help from Sallie Mae to reduce my interest rates. I don’t want to refi with a personal loan because I’ve been laid off three times during my career. I tried Income based for one year reduced my loan amount $100 but now ... Read More »

      My Opera Singer Wife Will Never Get Out From Under the Student Loans

      Women fighting

      “Dear Steve, My wife has several federal student loans from grad school dating back to around 2005 She also took out two private student loans through Chase in 2005 and 2006 It has been sold several times and now is with AES. The interest is killing us. She sings opera, I’m a personal trainer. we simply don’t make enough. She ... Read More »

        How Can I Lower My Parent PLUS Loans for My Daughters Nursing School?

        Ready to Collapse

        “Dear Steve, I am a single mother and a NYC public school teacher who is retiring this June. I am 62 and I have been taking out Parent Plus loans and will have to take out more until my daughter graduates from nursing school in December 2016. My estimated Parent PLUS Loan will be around 70 max. by the time ... Read More »

          Does a School Have to Provide a Real Skill for All That Student Loan Debt?

          mans hands behind bars in jail or prison

          “Dear Steve, My friend somehow got her grants changed to loans when they made her reapply right before the school year started as they were installing a new system. She doesn’t know what happened as she was actually going thru a tremendous amount of turmoil due to robberies, harassment from juveniles (she was working at the detention center at the ... Read More »

            I Was a National Guard Nurse With Loads of Student Loans

            Military Flag

            “Dear Steve, I am a nurse who graduated in 1997. I went into default and had my wages garnished for nearly two years. I was in the Florida Army National Guard and one of the benefits was student loan repayment of $20,000. I took out a grand total of $30,000 thinking I would only have to pay back $10,000 since ... Read More »

              How to Locate Who You Owe on Your Private Student Loans

              Searching-right

              “Dear Steve, I’m a music teacher making $1,850 a month. I’m 31 and suffering the consequences of bad/lack of financial advice early on and of course my own terribly decisions. A few years ago when the calls started in earnest I jotted down notes on the names, location and totals of my student loans and I was almost $200,000. I ... Read More »

                Can the Obama Student Loan Program Really Help Us?

                hiding-1

                “Dear Steve, So this is less my situation than my partner’s. Ryan had a bit of a rough patch in his younger days – a pretty long one actually – and managed to rack up a school loan debt without managing to graduate college. He has $18,000 on the books right now that has been deferred for years for different ... Read More »

                  I Was the Biggest Jerk to Get So Buried in Student Loans

                  Frustration

                  “Dear Steve, I have $130,000 in private student loans from Wells Fargo, Sallie Mae, Citibank and Discover. The minimum monthly payment is $1,595. Since graduating in 2011 with a liberal arts bachelor’s degree, I’ve made monthly minimums through myriad part time jobs, usually several at once, odd jobs and temporary positions through a staffing agency–never finding full time work and ... Read More »

                    This is How You Can Settle Your Navient Student Loan

                    vector las vegas sign over the night star burst

                    “Dear Steve, My wife has a reasonably large private student loan. I have recently come into money and would like to settle this loan with Navient for a lesser sum than what is owed on the loan. What is the best way to go about this and what questions should I ask in order to get a settlement? Chris” Dear ... Read More »

                      Tell Me How to Remove a Hinson-Hazelwood Judgment From My Credit Report

                      law books

                      “Dear Steve, I have a loan in Texas (CAL Loan) that went into Judgement about 6 years ago. The principal on the loan is $49,161.47. With Interest and penalties the loan totals $59,388.38. I was under the impression that this was a federal loan, however I have come to understand it is not a federal loan. The lender is Hinson ... Read More »

                        What if I Just Pay Less Than They Want on My Student Loans

                        To get the real answers, do the math and listen to what it has to say. Math does not lie.

                        “Dear Steve, I received my master’s in 2011. I worked in my field for about 6 months until the job was dissolved due to a change in contract. During this time my son had major health problems and now I say home with him during the day and work part time in the evenings. My wife make good money but ... Read More »

                          My Peaks Student Loans Were Discharged in Bankruptcy. Weren’t They?

                          angry caller narrow

                          “Dear Steve, Filed for Ch. 7 Bankruptcy, officially discharged on Sept. 30, 2014. Had several Peaks Private Student Loans included in the discharge. They KEEP calling me and saying that they are not debts that can be discharged. They are demanding that I reaffirm the loan and refusing to call my attorney. They keep threatening to put this debt on ... Read More »

                            EOS CCA is Garnishing Our Wages Over a Student Loan

                            Frustrated

                            “Dear Steve, My husband received a call from the EOSCAA in Nov, 2013 that he owed $56000 on a student loan. Between Nov 2013 and March 2014 we tried to get to the bottom of the situation. In March the EOSCAA began garnishing his wages, twice a month at a rate of near $1000. I filled out and mailed in ... Read More »

                              How Can I Consolidate All My Private Student Loans

                              loan-approved

                              “Dear Steve, I’m looking to consolidate private/government student loans I have a few several outstanding loans with both public and private entities from graduate school (Navient, Nelnet, Discover student loans). is there a way to consolidate these all into one single debt/monthly payment? Peter” Dear Peter, If it was just about government student loans then the answer would be an ... Read More »

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