I’m sharing this here — it’s also being provided to our fellow attorneys signing up for our NACA webinar today at 2:00 p.m. Helping your clients take their lives back from their student loans sometimes involve bankruptcy related solutions. While filing bankruptcy has typically NOT been helpful for those with…
Much like the NASA moon landing, I have two very different powerpoints ready for a student loan presentation today at 2:00 p.m. for the National Association of Consumer Advocates (NACA) And I might be checking X on my phone every few minutes to see if there is any new Executive…
We’re hearing that the results of the IDR recount is being posted as of last night on borrowers’ studentaid.gov site. Not all loans are processed yet, but most of the processing work for the adjustment is done. We’ll see this roll out to everyone over the next few weeks. This…
Big things are happening regarding Discover’s portfolio of student loans. If you have one of these, please follow along and see what can be done. Specifically, Discover is getting out of the private student loan business. Fully. They are sending letters to borrowers in a bankruptcy that they are forgiving…
The highest priority that the Department of Education should be focused on now is updating borrowers’ payment counts with the IDR adjustment/audit. We have had so many people benefit from this over the past couple years – but there are still large numbers of people who have consolidated their Direct…
Wow, record attendance expected today for a webinar I’m presenting in a couple hours at CPA Academy. The topic? What else but student loans after the election… Student Loan Forgiveness: Evaluating the National Landscape and Loan Programs. On live today at 4:00 p.m. EST, will be recorded for anyone who…
My sister in law showed me her phone and over just one day she received 5 different messages regarding her student loans. Two were from Navient and Earnest. While she didn’t click them to see what they were, I’m certain they were solicitations to refinance her federal loans to a…
What should you receive once your enrollment is secure? Your student loans on studentaid.com should now show: You enrolled in Fresh Start Transfer on 09/30/2024. Your debts have not yet transferred to your new loan servicer. There is no payment due at this time. You should receive additional communications within…
Parent Plus Borrowers: There is a pending bill called The Parent Plus Parity Act. If this bill becomes law it will: Make Parent PLUS borrowers eligible for all income-driven repayment plans—including SAVE Allow loan forgiveness if the child becomes eligible for Total and Permanent Disability discharge Make Parent PLUS borrowers…
Great news on the IDR Recount/Audit. The student loan ombudsman Bonnie Latreille said the Department of Education are almost done processing the One-Time Account Adjustment and that should be done very soon. She also said that borrowers who have multiple consolidations might see a delay—just because it’s trickier to calculate…