See my research, posts, and articles on the Public Service Loan Forgiveness Program, including eligibility, requirements, and common pitfalls. Click the link to learn more!
The Public Service Loan Forgiveness program (PSLF), created by Congress in 2007, allows people in public service jobs to make income-based student-loan payments for ten years. If they make 120 payments, their loan balances will be forgiven and the amount of the forgiven debt isn’t taxable to them. Such a deal! Thousands of student debtors …
Question: Dear Steve, I took out 80k. I have been paying my loan consistently for 20 years. I applied for teacher repayment but was denied because my loan was pre 1998. I graduated in 1996. I just attempted to apply for the Public Service Loan Forgiveness program, but was told that I do not qualify …
Question: Dear Steve, I keep trying to get teacher loan forgiveness. Sometimes it seems like I will be approved, then they want some petty thing. They say loans are too old. Some from community college back in 1985. I consolidated all of them so now the oldest date is 2004. Wouldn’t I be eligible since …
Almost 44 million Americans are student-loan debtors, and every single one of them should see Betsy DeVos as their mortal enemy. Since President Trump appointed her as Secretary of Education, DeVos has done nothing to ease the suffering of college borrowers. On the contrary, she has done everything she can to prop up the venal …
Question: Dear Steve, I was misled by FedLoan Servicing regarding my loans under Income Based Repayment. I was told I was in the program for PSLF and worked for nearly 6 years at a non-profit. I left that non-profit to join another and was ready to have all debt forgiven in October 2017. Instead I …
Question: Dear Steve, I am curious about the federal loan forgiveness programs that I have heard about but I am somewhat confused. I am in the last year of finishing up my Educational Doctorate and have of course accumulated some significant debt. I have been (and will continue to be for the foreseeable future) an …
House Republicans have just proposed jarring cuts to the Higher Education Act, that if passed, would eliminate the Public Service Loan Forgiveness program and reduce federal repayment options. These proposed changes would impact all student loan activity after June 30, 2018. Under the proposed legislation there is at least one change suggested that can assist …
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 …
Question: Dear Steve, I have no idea how to get started on applying for student loan forgiveness. I have been paying every months (with some setbacks) for almost 20 years. I did take a forbearance when I was on maternity leave several times a long long time ago. I believe that I had a FFEL …
A class action lawsuit was just filed in Florida to help people who have been allegedly deceived by their federal student loan servicer, Great Lakes Higher Education Corp. The suit was filed by the firms of Kynes, Markman & Felman and Centrone & Shrader. The suit filed while Great Lakes was managing a substantial number …