Question: Dear Steve, I want to know if I qualify for student loan forgiveness. I am currently in the military, but it has not been ten years yet, and I believe that I have made 120 on-time payments. My current student loan company is in the process of selling my loan to another company. How …
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 …
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 …
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, …
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 …
When I signed up for the Army, it was not a popular time to serve our country in the military. People who understood what it meant to serve congratulated me, while others thought I was making a big mistake, or worse, ridiculed me because of Vietnam, but I wanted to follow in the footsteps of …
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 …
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 …
“Dear Steve, I work retail making $11 hr. I’m also in the army reserve. I was attending Everetts College before I was deployed to Afghanistan. I was there for 1 year. I was not able to continue classes. When I returned and tried to get back in school I was refused that because there was …
“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 …