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 …
Question: Dear Steve, Applying for missing benefits, orders, and Voc Rehab. No income while awaiting I.T. school and transition. Loans compounding since 1991. Navy Veteran of 25 years looking to teach STEM courses and leadership. Are there any loan forgiveness and cancellation programs? I can not make 120 on time, monthly payments. Thank you for …
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 …
Question: Dear Steve, I have been a teacher since 1995. I have always worked for a title 1 school. I paid on my student loans for over 11 years (67k) after having the loans consolidated after the loss of my Dad where I had a to have a forbearance. So, I continued to pay under …
1. Public Service Loan Forgiveness (PSLF) Program Forgives the remaining balance on your Federal Direct Loans after 120 qualifying payments (10 years). Here are some highlights: This program has the broadest employment qualification requirements of the federal programs listed—it doesn’t require that you teach at a low-income a public school, or even be a teacher. …
Question: Dear Steve, First year English teacher with $46,500 student loan debt Please advise me on the best repayment plan for me on my student loan debt. I will qualify for the Public Service Loan Forgiveness after 10 years. Should I do REPAYE, PAYE, IBR, or ICR? Thank you! Jacquie Answer: Dear Jacquie, Thank you …
Question: Dear Steve, I graduated in 2008 with $8000.00 on a private loan through Sallie Mae, which has become Navient. This is a private loan company. I also have federal loans, but those seem to actually be going down, and I am eligible for teacher loan forgiveness on the federal ones. I am on income-based …
Question: Dear Steve, Public school teacher with public and private loans. My federal loans are now on the 10 year loan forgiveness plan after I consolidated all of my federal loans with the government and away from Sallie Mae. Unfortunately, none of the Sallie Mae payments counted toward the 120 consecutive payments, but I’m also …
“Dear Steve, I have many student loans from being a foster child and providing for my own education. As a teacher and principal, then special education autism specialist, you are always having to get more credentials, thus I ended up going back to school and getting several masters and almost my PhD. I tried to …