Title: 🎓 Parent PLUS Changes Are Coming: What You Must Do Before June 30, 2026 A clear roadmap for parents to avoid losing access to loan forgiveness and income-driven repayment 🚨 Let’s Start with the Big Red Flag If you’re a parent with a Parent PLUS loan—or you’re considering taking one out for your kid’s …
The U.S. Department of Education (Department) released final regulations that streamline and improve the rules for major targeted debt relief programs. The regulations expand eligibility, remove barriers to relief, and encourage automatic discharges for borrowers eligible for loan relief because their school closed, they have a total and permanent disability, or their loan was falsely …
The Consumer Financial Protection Bureau published information in the Federal Register today that shows how screwed up student loan programs are. The data and facts released are enough to make you give up hope the student loan programs can ever be fixed. Indeed not fixed with one-time forgiveness. I will do my best to summarize …
The Consumer Financial Protection Bureau (CFPB) released a special edition of Supervisory Highlights on recent examination findings covering the practices of student loan servicers, and schools that lend to students directly. The exams found that these schools had improper blanket policies of withholding transcripts to force students to make payments. These findings come after the CFPB announced earlier …
Question: Dear Steve, I went to college and was offered PSLF loan forgiveness for ten years of public service, which I started in 2011 and still work for the Commonwealth. I have filled out paperwork since they have these new programs that I shouldn’t have to split for. I have already full filled 120 payments …
Question: Dear Steve, I work in a public non-profit and currently have federal and private (Navient) student loans. I am in the PSLF program but still have about five years to go. Is there any talk by the federal government (or anyone else) about requiring private student loan companies to participate in a program similar …
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, I am a senior in college about to graduate with a bachelor’s in criminal justice and commission into the U.S. Airforce. I will have about $100,000 in student loans to start paying off when I graduate. Are there any debt forgiveness programs in the military for new officers? Corey Answer: Dear Corey, …
The Consumer Financial Protection Bureau (CFPB) recently sanctioned Edfinancial Services, a student-loan servicer, for making deceptive statements to student loan borrowers and misrepresenting their forgiveness and repayment options to them. Edfinancial deceived borrowers, with Federal Family Education Loan Program (FFELP), loans about their eligibility for Public Service Loan Forgiveness (PSLF). The Bureau is ordering the …
Many people don’t realize while I’ve been a consumer debt expert since 1994 I am also an airplane pilot for the fire department. So public service issues are near to my heart. There has been a great uproar regarding the Public Service Loan Forgiveness program offered by the Department of Education since 2007. That program …