The U.S. Department of Education (Department) released final regulations that streamline and improve the rules for major targeted debt relief programs. The regulations expand eligibility, remove barriers to relief, and encourage automatic discharges for borrowers eligible for loan relief because their school closed, they have a total and permanent disability, or their loan was falsely …
The Department of Education announced a set of proposed changes to federal student loan programs. It is interesting to note what is missing here. The two biggest fixes that are needed are the restoration of the discharge of student loan debt in bankruptcy as a regular debt and a fix for the spousal consolidation loan …
Question: Dear Steve, The Department of Education denied my TPD (Total & Permanent Disability) form when Navient was still Sallie Mae back in 2010. Since then, I’ve had my SSDI offset after I started receiving collection notices through a 3rd party company contracted by the Department of Education. Fast Forward to 2016, and I was …
Question: Dear Steve, I’m medically disabled and unable to work. Sever strokes, diabetes, heart stents, high blood pressure, amputee, difficulty walking some dementia, due to the stroke, and kidney disease. How yo apply for total and permanent discharge? Alvin Answer: Dear Alvin, My goodness, you’ve faced your medical challenges. I can’t even begin to imagine …
Question: Dear Steve, I have student loans that I will need to pay after I graduate. However, I suffer from bipolar, manic depression and psychosis. Will I be able to receive a total and permanent disability (TPD). Or some other loan forgiveness. I am still attending school though. I have been hospitalized for about 10 …
Question: Dear Steve, Diagnosed in 1986 W/bipolar disorder, started Alcoholics Anonymous 1986(yes still sober & clean, 3/3/20,34yrs) I went to DeAnza College from 1990-1994, including summer, all vacation sessions allowed due to the fact of depression. I had to catch up. 1995 injured at work, 2 broke disks, had 2 wait 6yrs 4 surgery due …
Question: Dear Steve, In addition to gov’t school loans, I received a private loan through Chase bank in 2005. It was sold to another company at some point then finally sold to Navient… of course, I had no say in this. I paid the minimum payment for a decade. Which in essence almost paid it …
Question: Dear Steve, I have a private student loan from Navient (signature loan) since 2004. I have a cosigner on the loan. The loan qualifies for total and permanent disability discharge and Navient forward me the application for this private student loan after denying it exists for a while. I have to physicians fill the …
Recently Navient was sued by the Consumer Financial Protection Bureau and the complaint alleged a number of student loan servicing failures. Christopher Meyer, a disabled veteran, contact me about his experience and said, “I read the complaint filed in federal court. I felt like the CFPB were directly referencing me on page four of the …
Question: Dear Steve, I lost my job and was unemployed in 2013. At the time, Sallie Mae and Nelnet were my student loan servicers. I applied for and was granted deferment or forbearance and had to submit my paperwork in triplicate because Sallie Mae has my loan in two bundles (of loans). I tried to …