There is a separate process from the Social Security Administration’s process that is available through NelNet to discharge federal student loans (no matter who the servicer is). It’s called a Total and Permanent Disability Application. The good news is that it has been taking our firm only about two months…
We often hear from clients who have tried to dispute, settle or otherwise get rid of student loan debt — with little results except for hours upon hours of telephone conversations with reps. Consider hiring a student loan attorney to help you. This review was posted by a happy client…
The TEPSLF was established for public service employees who had the correct loans, Direct loans, but were making a payment under a non-income driven plan – such as Extended, a 20-30 yr Standard, Graduated etc. They key is you have to apply for PSLF, be denied, and then submit a…
This is a pretty cool map that shows the southeastern U.S. as ground zero for the student loan crisis. Most all of Florida shows this to be a High, Very High or Extremely High debt level according to this map. I’m glad our bankruptcy court for the Middle District of…
If someone were to ask me what could be done legislatively to help student loan borrowers manage or reduce their student loan debt, I’d suggest and have suggested: 1) simplification of the IDR programs- President Trump has included this in the two most recent budget proposals – one plan that…
Student debt is no longer just a young persons’ issue. As of December 2018, approximately 8.4 million Americans aged 50 and older owe $289.5 billion in student loans, approximately 20% of total student loan debt. This represents a 512% increase from the $47.3 billion owed by that cohort in 2004,…
In an effort to ensure debtors receive a “fresh start” and not a “false start”, the Bankruptcy Court for the Middle District of Florida has implemented a Student Loan Management Program which utilizes a transparent portal to obtain relief from federal and private student loans. The SLMP is an attempt…
While I don’t generally post our client reviews, there are times where I simply can’t help myself. This one in particular shows the difference between having an advocate on your side versus getting your information from the student loan servicer — who by the way represents the creditor only. They…
Who are all these people? People who want to put an end to the student loan crisis. Most are Bankruptcy Judges from the Middle, Southern and Northern Districts. The rest are us committee members who helped to put in place a new Student Loan Modification Program which goes into effect…
A 529 account and/or a Florida Pre-paid account is a no brainer. A 529 account is NEVER taxed. As long as you use the money for educational expenses, the gains from bond interest, stock dividends and stock appreciation is never taxed. You can easily set up an account through Vanguard…