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Federal Spousal Consolidation Loans Finally Have an Off Ramp

Happy Couple Tablet

Well, this took years and years, but politicians finally took some action to allow people trapped in Federal Student Loan Spousal Consolidation Loans a way out. The Spousal Consolidation Loan program was terminated in 2006. Still, it left no way for two people to get out of these loans if they divorced, died, or were …

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Trapped in a Spousal Consolidation Loan and Trying to Get Forgiveness

Question: Dear Steve, We have a “spousal” consolidation loan which was sold many times since the 2005 origination. Our original consolidation app does not specify it as a spousal loan. Navient, the current holder of the loan, says it is a spousal loan. My husband was in law enforcement for 43 years & we have …

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Kiss Your Ex-Spousal Consolidation Loan Goodbye

A glimmer of hope for all the good people trapped in those old horrid federal government Spousal Consolidation Loans for student loan debt. These loans have been a shame for many years. The Department of Education allowed spouses to put their individual loans together into one new loan but never provided people a way out. …

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Why Am I Trapped With My Ex-Husband in This Damn Spousal Consolidation Loan?

Question: Dear Steve, During a marriage, my then-husband and I took out several student loans. Our school tuition/books/etc. were paid by our employer, the money was used for living expenses. We did a spousal consolidation loan a few years after that. We then divorced and the loan was never dealt with in divorce court as …

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Why am I Stuck With the Spousal Consolidation Loan When My Ex-Spouse Went Missing?

Question: Dear Steve, Spouse consolidation student loan. We divorced and I look into my credit I found this amazing surprise. What are my options as for repayment, loan forgiveness? I currently can’t afford to make any payments due to my income and I don’t qualify for deferment since ex-spouse is missing in action. Marie Answer: …

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We Have a Martial Consolidation Student Loan and Payments Keep Going Up

Question: Dear Steve, My husband and I were encouraged to do a marital consolidation in the 2000’s. We are still married but can barely make our $800+ loan payment. Years ago we were about to default so they put us in a Program to prevent it that ended up doubling what we originally owed and …

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My Ex Doesn’t Bother to Make Student Loan Payments After the Divorce – Bethann

Question: Dear Steve, Navient. Parent Plus Loan from 2 children- 4 yrs of school. started at 85K and is now at 122K! What are all these capitalized interest large amount added on in history? I acquired a parents plus loan of 85K from 2006. It was consolidated with my SSN and my ex husband’s SSN. …

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Can My Part of a Spousal Consolidation Student Loan be Discharged Due to Disability?

Question: Dear Steve, I’m being denied a disability discharge even though I had an illness nine years ago that caused me brain damage. There is no dispute about my inability to work. The problem stems from a spousal consolidation data error. Before I got sick, my husband and I got a spousal consolidation for which …

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Am I Stuck With My Ex-Wife Forever Because of Our Old Spousal Consolidation Loan?

Question: Dear Steve, I share $67k in Navient student loans with my ex-wife. My decreed portion is around $35k. Since our FFEL consolidation in 2001, I have paid it for 12-13 years. It has been on deferment the rest of the time. I applied for PSLF through Navient. I will not qualify with her income. …

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