PAYE is an income driven plan which allows for a 20 year term — but it’s expected to age out in 2028 due to the transition to RAP. So if your count can get to 20 years before then, you should think about moving to PAYE (your loans would qualify…
Certification of income is coming back into focus now for repayment of federal student loans. What if you are self-employed and taking social security and don’t have a paystub? You can self certify by sending a self-certification letter for income driven plans including: Name, address, Date of birth, Social security…
So what better time to expound upon the benefits of the Student Loan Management Program (“SLMP”) here in a Florida bankruptcy. I am sure that many of you are thinking if this is so great, why hasn’t it been utilized much to date? Well, mostly it’s due to timing. The…
Prior Student Loan Sidebars have addressed the specific guidance and programs available to help with student loans in bankruptcy. Some of these features include: Enrollment in an Income Driven Repayment Plan rather than allowing ED to simply place student loans in a capitalizing forbearance during a Chapter 13 plan. We…
It has now been several years since borrowers have had to deal with their student loans – but The Times They are A-Changin’ as Bob Dylan sang in 1964. This will be a multi-part series on what we are seeing out there now, and what we have found is working…
One major piece of litigation supported by a non-profit group has just been filed – so it will be awhile before we have any answers. This legal complaint, filed on September 9, 2025, by the American Federation of Teachers (AFT) and several individual plaintiffs against the U.S. Department of Education…
If you are concerned or have questions about how many months you have in IDR credit from past federal student loan payments or even forbearances under the IDR Recount, you can check online here: (this applies to those with counts toward PSLF as well). In our opinion, this is a…
We believe we’ve found a good software solution to upgrade our document collection for bankruptcy. We are now taking steps to purchase and incorporate this into our system. Our hope is that it will reduce the time our clients spend obtaining and uploading or sending documents to us, pre-populate the…
We are hearing numerous reports of surprise billing by student loan servicers especially now that SAVE is no longer an option. Or the checking account is being hit with a standard repayment amount rather than an IBR payment based upon someone’s income. If f you have permitted auto billing in…
Folks are reporting that they are being asked to make a large student loan payment – but they in in a long queue waiting for their Income Driven Plan (IDR) application to be processed. This is happening because if a payment isn’t being made, the loan defaults to the Standard…