Question: Dear Steve, I am a 100% T&P disabled veteran and eligible to discharge my federal loans if they were under my name. My family’s federal student loans were consolidated under my wife’s name, partly because I was in a bad way, and I was unable to help with the process. My wife and I … Read more
Question: Dear Steve, My fiance is a 100 percent disabled veteran with a lot of debt truck, house, four-wheeler, the lawnmower. He wants a new hot tub, to fix the driveway, and much more. I’m concerned for him and us as a couple. How can we ever dig out? Pam Answer: Dear Pam, It’s interesting … Read more
Recently President Trump directed the Department of Education to wipe out the federal student loan debt for 25,000 completely disabled veterans, who appear to be the group already in default. He received a lot of praise for this effort. One headline read “Trump’s debt forgiveness for disabled veterans is ‘our duty as Americans.” Watch the … Read more
I was surprised to learn recently the Department of Education is aware of the more than 40,000 disabled military veterans who are legally and severely disabled but there is no process to automatically forgive their student loans even though they are eligible. And let’s not forget, disabled veterans with private student loans are not eligible … Read more
The Department of Education has identified 42,000 veterans who are entitled to a federal student loan discharge without any risk of paying federal taxes on the forgiven debt. However, Education Secretary Betsy DeVos has said even though the Department of Education has matched student loan records with disability records from the Department of Veterans Affairs, … Read more
Question: Dear Steve, I am inquiring about my student loan debt, so I recently filed chapter 13 and was told my student loan debt doesn’t qualify to file, I filed chapter 7 like 8 years ago, so I am trying to find out something to do about trying to get the debt forgiven or some … Read more
At age 40, Will Milzarski, an attorney, took leave from his state government job to return to the U.S. Army. After completing officer training, he served two tours of duty in Afghanistan. where he led more than 200 combat missions. On his last day in combat, Milzarski was wounded in the face, which left him … Read more
At age 40, Will Milzarski, an attorney, took leave from his state government job to return to the U.S. Army. After completing officer training, he served two tours of duty in Afghanistan. where he led more than 200 combat missions. On his last day in combat, Milzarski was wounded in the face, which left him … Read more
The Department of Education has said publicly that it will discharge student-loan debt of people who are disabled. Unfortunately, the right hand sometimes does not know what the left hand is doing. Thus, some disabled people who defaulted on their student loans are still being hounded by the Department of Education or one of its … Read more
Recently Navient was sued by the Consumer Financial Protection Bureau and the complaint alleged a number of student loan servicing failures. Christopher Meyer, a disabled veteran, contact me about his experience and said, “I read the complaint filed in federal court. I felt like the CFPB were directly referencing me on page four of the … Read more
The bill below was recently introduced on Capitol Hill and it involves student loans. If you would like to learn more about the bill, please click the link below. Disabled Veterans Student Loan Protection Act of 2016 H.R. 4845 — Introduced …amend the student loan forgiveness program in the Higher Education Act of 1965 to … Read more
Question: Dear Steve, We bought an existing business – a gym- with an SBA loan. Even though we grew the membership from 80 to 430 within 2 years, the overhead and servicing the loans were crushing us. Enter the $10 per month gym chains and we had no other option than to sell the gym … Read more
“Dear Steve, My son has 2 Government Student Loans(Sallie Mae & NelNet). He is paying over $300.00 on each one, but they want $816.00. My husband is a Disabled Vietnam Veteran and now the loans are coming after us. They want to garnish his pensions of the difference in payment. I do not work cause … Read more
“Dear Steve, I am recently military retiree (Jun 2012) who was making around $135K, upon retirement and losing my civilian job a few months ago I found myself in a real hole living off about 40% of $135K or about $48K and a small teaching job of $900 per month. TO make a long story … Read more
“Dear Steve, I am 67 years old and disabiled. I went back to college and graduated 1991. Because of various problems and surgeries, I was put on permanent disability, and was unable to pay back student loan. After a LOT of correspondense back and forth between the collection agencies and the Veteran’s Administration, I was … Read more