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So if My Student Loans Were in Forbearance They Should Be Forgiven?

Question: Dear Steve, I graduated from college in 1998, and my loans have been in and out of forbearance (mostly forbearance), just accruing more and more interest. Thanks for sharing the information on the latest Dept. of Education announcement regarding forbearance steering relief. So, in theory, if someone has loans in both repayment and forbearance …

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New Free Debt Relief Help if Your Student Loans Were Put Into Forbearance

New Free Debt Relief Help if Your Student Loans Were Put Into Forbearance

The Department of Education announced steps that will bring borrowers closer to public service loan and income-driven repayment (IDR) forgiveness by addressing historical failures in the administration of the federal student loan programs. Federal Student Aid (FSA) estimates that these changes will result in immediate debt cancellation for at least 40,000 borrowers under the Public …

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My Ex-Husband Screwed Me Over With My Student Loans

Study looking angry

Question: Dear Steve, I paid on consolidated student loans for 10 years religiously. My ex was very shady with money and never paid my loan off (he controlled the finances) as I demanded when we were married and I was making ridiculous $$. It was my goal to pay off 14k I graduated with in …

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Newly Released Documents Show Navient Intentionally Plotted to Drive Student Loan Debtors Into Harmful Forbearance

According to this post at the Student Borrower Protection Center, forbearance steering was Navient’s strategy. “In a June 2010 internal strategy memo written by a senior Navient executive, the company lays out its strategy for handling borrowers in distress. It’s clear from the memo that the company was VERY focused on protecting its bottom line, …

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Texas Guaranteed is Preventing Me for Getting Getting My Student Loans Forgiven as a Teacher

Question: Dear Steve, I have been a teacher since 1995. I have always worked for a title 1 school. I paid on my student loans for over 11 years (67k) after having the loans consolidated after the loss of my Dad where I had a to have a forbearance. So, I continued to pay under …

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I’m in a Debt Despair Over My Navient Student Loans and Need Advice

Question: Dear Steve, I recently discovered that my private student loan monthly payment increased by $150, from $330 a month to $450 a month. That’s about 40% of my monthly payment after taxes! I am freaking out, I can’t afford it! I have a master’s degree and I work at a nonprofit and living below …

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I Used Up All My Deferments and Forbearance and Can’t Afford My Private Student Loans

Question: Dear Steve, I took out both federal and private loans to go to a private undergraduate school. I wish I knew now what a terrible idea that was, but unfortunately, I had no guidance at the time besides my rich friends who said I could just take out loans, it would be fine. Even …

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I’m a Single Woman With Navient Student Loans Doubling in Forbearance

Question: Dear Steve, I’m a 43 single woman who made some terrible mistakes with my student loans. I’ve kept them current but they have been in forbearance a lot and now the interest has more than doubled what I owed to the tune of almost $150K. I’ve been trying to do the income based payments …

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I’m Headed for Retirement, Owe $345K on Student Loans I Can’t Afford, and I’m Afraid – Douglas

Question: Dear Steve, I’ve been getting forbearances forever on this loan. I think it is a federal (not private) student loan. And now the balance is up over $345,000. I am 62 years old. At some point I will no longer qualify for a forbearance. How can I avoid my nightmare: the government garnishes my …

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