Question: Dear Steve, I am a Federal Family Education Loan recipient. I had a 63,000 loan in the nineties and consolidated it. I went into default, and Ascendium Education Group garnished my wages at the public defender’s office for 12 years. I worked there for 14 years. They garnished over $180,000. I recently received a … Read more
This is excellent news or is it a bad news situation. It has so many layers and complexities that it is hard to put it into one bucket truly. With millions of these Federal Family Education Loan (FFEL) student loans still out in the wild lingering and festering, some relief has arrived. Kind of. Sort … Read more
Question: Dear Steve, Navient holds my 6 figures of student loans, that continue to get deferred and accrue ridiculous amounts of interest. The minimum payment is not affordable for me and has never been. I worked for several years as a teacher hoping to take advantage of the teacher loan forgiveness program only to be … Read more
Not that long ago I wrote an article, “This is One Way to Get FFEL Spousal Consolidation Loans Forgiven” in which a reader was looking for a way to deal with her previous FFEL spousal joint consolidation loan with her ex-husband. She wanted to move forward in a positive way in dealing with her student … Read more
“Dear Steve, I have been a government employee and/or public servant since 1991. I am now 45 and I hope to retire by age 72. In or around 2002, I consolidated my law school student loans with my then husband into both a FFEL subsidized and unsubsidized loan. The total amount consolidated was roughly $42,000. … Read more
More and more student loans are becoming the most problematic debt anyone can own. At some point in the past couple of decade student loans when from a leg up to financial slavery. There is a lot of information out there about how to deal with troublesome student loan debt and payments. But I thought … Read more
“Dear Steve, My husband and I graduated from college in 1998 and 1999 and then got master’s degrees in 2004 and 2005. We have FFEL loans that have been consolidated into one loan/payment and the total of these loans (after years of deferments/forbearances) is a little over $131,000. Our monthly payment is 880.00 right now. … Read more