Question: Dear Steve, I graduated in 2007 with $90,000 in loans… since then i have been having babies and working very minimum and my loans were in forbearance. Now they are $160,000 and completely unaffordable. I cant even cover the monthly interest rate at this point let alone the actual loan. Do you know of …
Question: Dear Steve, Hello, I am a 51 yr old RN, married with a joint tax return. My job mandated that i go back to school for my BSN, which cost me $21,000 in federal student loans in the state of Florida. My son also was in college and I signed for a Parent Plus …
Question: Dear Steve, The Financial Aid dept. at Lincoln Collage of Technology, Indpls, In., at the time of meeting regarding a parent plus loan, would not take my husbands financial info as “he was not present at that meeting” , but only took mine (the mother), and I hardly made anything at my MLM business …
Question: Dear Steve, When going to school for my undergraduate degree, I was denied any federal aid or grants because of my parents’ income being too high. However, they were (and still are) in an extreme amount of debt and were extremely close to losing their house and declaring bankruptcy. Because of this, I was …
Question: Dear Steve, I am a single mom who, without any help from their father, helped my two daughters get their degrees… one in the medical field and the other in the culinary arts. One thing I didn’t understand as I was taking out Parent Loans is that I was getting them, not based on …
Question: Dear Steve, I am a retired teacher. I was told that I could consolidate the parent plus loans I have and then get an income contingent repayment plan. 1. Does my credit need to be good to consolidate my loans 2. The article I read said a requirement is to be employed. Does that …
Question: Dear Steve, I am in debt for around $100k from going to a private design school in Nebraska. I owe around $20k in Fedloans and $80k in Parent Plus loans that my dad signed for. I am paying I consolidated all of my loans as much as I could and opted for the lowest …
Question: Dear Steve, Around 2002/2003 I took my first of 5, (I believe 5) parent student loans. I am a public servant and some of the loans were private. I applied for the loan forgiveness program and Fedloan is my servicing loan provider. They advised me to consolidate the loans to qualify for the IBR …
Question: Dear Steve, My student loan (originally taken out for my children) is now owned by the government and administered by fedloan.gov. The loan is in my name alone — my wife is not on the loan. 1. Does filing separately exclude my wife’s income from consideration in an IBR? When I started with fedloan.gov …
In the budget the Obama administration has just sent to Congress there are some benefits for students who will face massive tax bills when their student loans might be forgiven under income based programs. As it stands now, students are enrolling in income driven repayment programs to reduce their current monthly payments to a level …
