You did everything right. You worked for a nonprofit. You made the payments. You followed every confusing instruction the government threw your way. But thanks to a new rule buried in the fine print of Executive Order 14235, you could lose Public Service Loan Forgiveness (PSLF) credit—retroactively—just because of where you work. Not what you …
Let’s not sugarcoat it: If you were counting on student loan forgiveness through Income-Based Repayment (IBR), you’ve just been thrown into limbo. The Education Department hit pause on all IBR discharges—no timeline, no guarantees, just a vague promise they’ll get back to it “once they figure things out.” Sound familiar? Let’s break down what’s really …
The Consumer Financial Protection Bureau published information in the Federal Register today that shows how screwed up student loan programs are. The data and facts released are enough to make you give up hope the student loan programs can ever be fixed. Indeed not fixed with one-time forgiveness. I will do my best to summarize …
The White House is extending the pause on student-loan payments until August 31st–an extraordinary development. By the time this pause ends in September, millions of student borrowers will have been relieved from making payments on their student loans for almost two-and-a-half years. Indeed, as Ron Kline, President Biden’s chief of staff, pointed out: Joe Biden, …
Question: Dear Steve, I am 55. $100K in federal student loan debt. $70K 2002. MBA- ASC is the current holder. $25K 2012-advanced grad. studies. loan held by navient 2010- short sell on condo, filed bankruptcy to prevent foreclosure. was laid off in 2011 at salary of $125K. Live in Boston- pure living expenses-live week to …
Recently ITT Tech decided to close down after the Department of Education required a higher deposit from them to help protect against student loan losses. Some of the issues that led to this surrounded accreditation issues ITT Tech was facing. The Department of Education publishes a listing of schools that have been placed on Heightened …
Question: Dear Steve, Navient has now been changed From ECMC is that Correct? What legitimately can they Do? Can after 25 years can they finally release a person from debt? ThE Bankruptcy Court is Run by US by the People for the people! CORRECT NOT THE GOVERNMENT right? can they Tell the US treasury to …
“Dear Steve, At the age of 40 I got a AA degree with Federal Student Loans. I do not work in my field of study. I am now 55 and I did miss a few payments after wife got sick and lost job and that chewed up our savings. I have been paying steady for …
Over the past few months I’ve attempted to gets statistics, facts, and figures from the Department of Education to better understand the performance of their income based repayment programs and get better clarity on their collection process for delinquent student loans. After multiple Freedom of Information Act requests the results are less than optimal. To …
“Dear Steve, I have a huge student loan debt that I can’t seem to make head way on. I have a $100,000 is federal loans that have been consolidated with Direct loans and are now with Sallie Mae and $15,000 in private loans. My private loans i can handle making $124 a month payments. My …