Question: Dear Steve, In 1992 I had a small student loan for a career college in Indianapolis. A year later, I was sent to Federal prison and incarcerated for 26yrs and 3mos. Can I qualify for forgiveness? I definitely worked for UNICOR INDUSTRIES. Ivan Answer: Dear Ivan, I’m assuming you had a federal student loan. …
Yesterday I wrote How to Get Your Federal Student Loans Forgiven if You Go to Prison. The results of my research were so surprising I had to make this podcast as a follow-up. This is just another wrinkle in the ridiculousness created by student loans. After taking a deep dive into this subject, I’m not …
Question: Dear Steve, I’m in a halfway house nearing the end of my federal incarceration. I will have completed ten years and four months. I have been looking at info on having my student loans written off. I’m working on getting the information I need, but can this still work? Was I supposed to do …
Question: Dear Steve, My 42-year-old son has two student loans totaling approx $9000. He’s currently serving a 10-year minimum sentence in Carson City, NV, in a state facility, not federal. He has approx five years left in prison. He wants to get a college degree while he’s in prison. I’ve contacted the Dept of Education …
Question: Dear Steve, I’m at the halfway house finishing up an 8 year and 2-month federal prison term, and I have a student loan for about $70,000 and I have been struggling even before I started my sentence, I would to ask where I can go for help on my loan. How to get help …
Question: Dear Steve, I took out a student loan in 2007-2008. I was incarcerated in State prison shortly thereafter. (2008) I was released in 2020. I am now trying to buy a property but the student loan just caught up and took my credit score down 75 points, making the process difficult. Am I eligible …
Question: Dear Steve, I was incarcerated for 20 years. During this time, my student loans were declared unrecoverable and were transferred to the IRS as a capital gain. At least that is what they informed me. All but one. for some reason this $2700 loan was not included and has grown to 5700 with 20 …
Question: Dear Steve, I was in prison for about 3 years and I was wondering about student loan forgiveness for State prisoners. I read your article about student loan forgiveness for prisoners and you basically only mentioned it to be for federal prisoners. But would it apply to State prisoners as well? Kendra Answer: Dear …
Question: Dear Steve, I am a federal prison inmate and enjoyed your article on federal student loans. I have been incarcerated for almost 5 years and have 7 years to go. Can’t get UNICOR employment but at my facility, everyone has a job, I have a job that I’m paid $10 a month Can I …
Question: Dear Steve, My prison pen pal has been incarcerated since 1998, and will probably serve another 6 years. He took out Perkins Loans and a private college loan for the one year he was in college before he was incarcerated. He wants to know the status of these loans and/or how to get them …