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Tag Archives: student loan forgiveness

Obama Proposes Tax Help for Student Loan Relief. Congress Says No.

2017 Budget

In the budget the Obama administration has just sent to Congress there are some benefits for students who will face massive tax bills when their student loans might be forgiven under income based programs. As it stands now, students are enrolling in income driven repayment programs to reduce their current monthly payments to a level based on their income. After ... Read More »

    Door Prepares to Slam for Student Loan Forgiveness Due to Fraud

    And this picture is in honor of your husband.

    Back in October of 2014 I wrote a story titled Millions of Federal Student Loans Lining Up to Be Eliminated and Borrowers Repaid. At the time I wrote that article some people said I was crazy. After all, how could people actually have their federal student loans forgiven because they were defrauded. Well the simple answer is because it is ... Read More »

      I Have a Mental Problem That Leaves Me Unable to Pay My Student Loans

      Businesswoman does the questions

      Question: Dear Steve, I have a mild psychiatric disorder, and I have my total and permanent disability form accepted. However, I found out that for a three year monitoring period, if I make money over the poverty level, in three years I will have to go back to paying it back. While I’m a responsible woman who can’t pay back ... Read More »

        11 Myths About Student Loan Forgiveness

        Illustration of chalkboard with text facts and crossed myths

        If you have more student loan debt than you can handle, or if you’ve been paying and paying (and paying) and can’t make headway, chances are you’ve wondered about student loan forgiveness. As you look into your options, keep in mind that everything you read (or hear — even from your student loan servicer) may not be accurate. We asked ... Read More »

          Am I Eligible for the IBR Student Loan Forgiveness Using a Government Funded Company?

          Problem Solving Series

          Question: Dear Steve, I am the sole provider for me and my daughter, which will be a sophomore this upcoming fall. I have a outstanding student loan for 29,000. I attended a 2 year technical college called Miller-Motte, I graduated with an associates degree, which have never done any work in that field. I work at a production plant making ... Read More »

            LegalZoom Says They Can Get My Student Loans Forgiven. – Lisa

            raising hand

            “Dear Steve, Your advice is much appreciated. 17 years ago my son enrolled and has since graduated for his 2 year associate degree in graphic arts and the school administrator assisted me to sign up on the student loan. I was making on time monthly payments using the coupon books I recall received from Bank One which was formerly Sallie ... Read More »

              I Left the United States Because of My Student Loan Debt. What Now? – Blair

              flemish cow in the field

              “Dear Steve, I earned a Master’s degree and spent a year on the job market before taking a job with the City of New York. It required said Master’s but didn’t pay enough for me to maintain a decent standard of living (a shared flat without rodents, a diet that didn’t consist of 50% instant noodles) while repaying my $130,000 ... Read More »

                I’m a Special Education Teacher and Thought My Student Loans Would be Forgiven. – Debbie

                Student Loan Corkboard Concept

                “Dear Steve, I have student loans that I was told would be forgiven once I taught Special Education in a High Needs/qualifying district for 5 years. Well I’m now on my 5th year and they want to deny loan forgiveness because I had approximately $800 left on undergraduate loans. However the issues I have with this are as follows: 1. ... Read More »

                  No GED or High School Diploma? Your Student Loans May Be Cancelled, Discharged, and Forgiven.

                  college-class

                  Despite what many think, there are reasonable rules and allowances for forgiving federal student loans in cases of school failure, fraud, disability, or other issues. For private student loans, as of now you are still primarily screwed. One little known discharge rule is for those that were enrolled in colleges without having a GED or high school diploma. For those ... Read More »

                    I Make Hardly Any Money. How Can I Get My Sallie Mae, Direct Loan and Pell Grants Forgiven. – Elle

                    Ready to Collapse

                    “Dear Steve, 1. I’ve been homeless and rented “rooms” for the last 3 years. Moved somewhere between seven and nine times. 2. I’ve been mostly unemployed, have had a great difficulty finding jobs because I was a stay at home parent most my adult life, and when I did find work the pay was 8.50 and hour on the average. ... Read More »

                      Can I Get My Student Loan Debt Forgiven Because I Lived in a Poor Section of Brazil? – Kelly

                      Ready to Collapse

                      “Dear Steve, I am an American born citizen but my retired father raised me partly in a poor section of Brazil. 18 years to be exact. I am now 34 and have a student debt of 10500.00 dollars. I heard of a policy that forgives those who worked full time for ten years in a poor foreign country (like in ... Read More »

                        Student Loan Public Service Loan Forgiveness – New Forms and Documentation Released

                        The Department of Education has released new forms and documentation to assist government backed student loan holders with getting their loans discharged through the Public Service Loan Forgiveness (PSLF) program. The new documents include updated information on eligible loans: Any non-defaulted loan made under the William D. Ford Federal Direct Loan Program (Direct Loan Program) is eligible for loan forgiveness. ... Read More »

                          Student Loan Forgiveness or Discharge Can Create a Huge Tax Bill. Watch Out!

                          Screen Shot 2012-02-02 at 12.49.11 PM

                          If you are one of the lucky few who have qualified for a discharge or cancellation of your student loan debt, you may be shocked to learn the debt may not be over with just yet. A reader brought to my attention that the forgiveness of student loan debt, even under a disability discharge, can result in the issuance of ... Read More »

                            I’m a Nurse Practitioner in Ohio and Looking for Student Loan Forgiveness. – Miranda

                            Ready to Collapse

                            “Dear Steve, Accumulated federal and private loans through nursing and graduate school. Haven’t entered repayment yet, didn’t know if there is a way to settle my debt for less or if there are repayment/loan forgiveness programs. I am currently a nurse practitioner in the state of Ohio. Through nursing school and graduate school loans, I have accumulated about $87,000 in ... Read More »

                              I Work in the Health Care Field. Can I Get My Student Loans Forgiven? – Anne

                              Ready to Collapse

                              “Dear Steve, I finished grad school almost 2 years ago and have about 100,000 in loans (both subsidized, unsubsidized and gradPLUS). I am on an income contigent repayment plan. I am in a health profession and there appears to be a loan forgiveness program where they forgive all of your loans after working full time in certain health professions after ... Read More »

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