Question: Dear Steve, I incurred a large amount of student loan debt ($120k of private loans and $24k of federal loans). I am a reservist who has deployed 3 times and preparing for my 4th deployment and this time to Afghanistan. I’m looking into options to reduce my student loan debts. Are there any programs …
What GAO Found The Servicemembers Civil Relief Act (SCRA) provides servicemembers with an interest rate cap of 6 percent on student loans while they are on active duty. The number of servicemembers with federal student loans who received this rate cap increased as a result of the Department of Education (Education) requiring federal loan servicers …
Question: Dear Steve, I purchased a home in March 2012 while active duty military. I left military March 2013 and returned as active duty March 2013 (same month and not sure if the service member relief act can play a part in that). Divorced November 2013 and was given home. In November 2013 contacted the …
The Office of the Comptroller of the Currency (OCC) today announced enforcement actions against Capital One, N.A., and Capital One Bank (USA), N.A., for violations and compliance deficiencies related to the Servicemembers Civil Relief Act (SCRA). The SCRA provides servicemembers relief from certain obligations and temporarily suspends judicial and administrative proceedings and transactions involving civil …
“Dear Steve, My husband’s employer did drastic pay cuts in 2009. He left his job of 13 years and joined the Army. Our 1st duty station was Germany. We were able to rent our house out, but the renters left after the lease was up in Sept. Property management company couldn’t rent it out, we …
“Dear Steve, Miltary active duty. Married with a child. Bought my home in 2006 at the hieght of the real estate “boom” and now stuck with a property that is worth 80,000 dollars less than what I owe on it. I am currently 80,000 dollars upside down on my mortgage. I own the home in …