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I’m Active Duty Military and Was Told to Hold Off Paying My Student Loans

Question: Dear Steve, This is concerning student college loans… I enlisted in the Army Reserves in 1994, did not get the loan repayment option in my contract (nor did I know about it at the young age of 17). I attended college, by use of unsubsidized Stafford Loans. Graduated college and have been serving active …

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How Disabled Does a Patriot Have to Be to Have Student Loans Forgiven?

Recently President Trump directed the Department of Education to wipe out the federal student loan debt for 25,000 completely disabled veterans, who appear to be the group already in default. He received a lot of praise for this effort. One headline read “Trump’s debt forgiveness for disabled veterans is ‘our duty as Americans.” Watch the …

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Vote Here Now. Should Disabled Veterans Have Their Federal Student Loans Automatically Discharged?

The Department of Education has identified 42,000 veterans who are entitled to a federal student loan discharge without any risk of paying federal taxes on the forgiven debt. However, Education Secretary Betsy DeVos has said even though the Department of Education has matched student loan records with disability records from the Department of Veterans Affairs, …

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Military Servicemembers Get Hosed by Student Loan Servicers

The Consumer Financial Protection Bureau has put out information that does a great job illustrating how badly military servicemembers have been and continue to be screwed over by crappy student loan servicers. Here is what the CFPB shared today. — The unique nature of life in the military can create financial challenges for servicemembers. This …

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I’ve Got Debt Problems All Over My Life. Please Help. – Judith

Question: Dear Steve, Well I have a 3 fold question or problem I guess you could say. First one is regarding my daughter, Sarah. Sarah has over $60,000 in student loan debt. She graduated, top of her class with a Bachelors in Graphic Design, was out a year and could not find a job. She …

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National Foundation for Credit Counseling®, American Library Association Join Forces to Better Serve Military and their Families

Members of the U.S. armed forces, Coast Guard, veterans, and their families face financial challenges often not adequately addressed by resources designed for the general public. Two leading nonprofit organizations are now working together to deliver financial education solutions to members of the military and their families in libraries across the country. The National Foundation …

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My Husband Proudly Serves in the US Army But Has Student Loans

“Dear Steve, My husband is in the US Army has been proudly servicing since 1998. He is considering retirement (he has prior service before 1988 which counts towards his 20 years). He has about $44,000 left of his student loans. His loans were consolidated since shortly after 1998 (his graduation from vet school). We don’t …

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