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 … Read more

Only 32 Student Loan Debtors Had Their Loans Forgiven

Everyone knows the story about the hapless motorist who gets lost in rural Maine. When he finds a farmer and asks for directions, the farmer says, “You can’t get there from here.” The U.S. Department of Education must be staffed by Maine farmers. DOE has made it almost impossible for student-loan debtors to benefit from … Read more

Flushing Money Down the Toilet: Income-Based Repayment Plans for Student Debtors

Congress has been dropping “helicopter money” into the national economy–adding significantly to the national debt, which now exceeds $25 trillion. That’s a lot of money for our grandchildren to pay back. My own grandkids are ambivalent about this situation. My four-year-old says he thinks he can do it if his dad will increase his allowance, … Read more

Nearly All Department of Education Loan Programs Seemingly Broken Under DeVos

The Department of Education under Betsy DeVos seems to be broken when it comes to overseeing student loan programs. Deep issues are preventing debtors from getting access to programs and forgiveness under the law. The biggest broken programs are Public Service Loan Forgiveness, Borrower Defense to Repayment, Closed School Discharges, and now a new class-action … Read more

Bankruptcy Court Again Finds Income Driven Repayment Plan Should Not Stop Federal Student Loan Bankruptcy Discharge

Here is another bankruptcy case from 2003 where the Court determined the fact someone could enroll or was on an Income Driven Repayment (IDR) plan was not a prevention to allowing a discharge of the federal student loans in bankruptcy. The Court records show the Judge said: “The ICRP is Only One Factor for a … Read more