The very rough estimate is to look at how long you’ve been out of school. Then, subtract: 6 months from when you stopped school (grace period doesn’t count) any time you were in default or bankruptcy any time you returned to school. So, if you completed undergrad in ‘96, but…
Articles Posted in Student loans
Consolidating Loans — Getting a Huge Payment Increase?
Lots of federal student loan borrowers are in the same boat now. Have you consolidated your loans in an effort to get onto SAVE for the lowest possible payment? But it seems to have backfired because your payment is now enormous? Here’s some tips that you may want to be…
Vote of No Confidence for Double Consolidation
Well folks, it appears that the Department of Education may have just closed the loophole which led to Borrowers double consolidating Parent Plus loans in an effort to get onto the more payment friendly SAVE program rather than the much higher ICR – Income Contingent Plan. By doing a double…
PSLF Began in 2007
Lots of people are doing the mental gymnastics to determine whether they qualify for a Public Service Loan Forgiveness (PSLF) now under the IDR recount for Direct loans. More time will count under this program than ever before such as extended forbearances, extended or even graduated payment plans or even…
See our YouTube Channel “Student Loan Sidebar” for help!
I just received this from someone who benefitted from our You Tube Channel: After finally conquering my fear of addressing my massive student loan debt, I came across several of your videos on YouTube. On numerous occasions I felt as if you had my case right in front of you!…
Mailing addresses for Consolidation Applications
If someone needs to consolidate their FFEL or Perkins, or even Direct loans on different timelines for forgiveness, we normally assist by walking someone through this during a phone call or zoom strategy session. That way it is done and immediate. There are times where a paper application is needed…
Income Monitoring no longer a Thing for Total and Permanent Disability Discharges of Federal Student Loans
Finally, servicers are beginning to let people know that the post discharge income monitoring is no longer! Directly from a servicer’s mouth today: What you need to know: Your annual earnings from employment will no longer be monitored upon TPD discharge approval. You will no longer be required to submit…
Case Study From Today – What Happens if You Wait Too Long to Address Student Loan Debt.
How is it possible to wait too long to address student loan debt? Right now, with the IDR recount working to forgive six figure debt for clients (yes, we are now seeing this occur – check your studentaid.gov site for your loan balance b/c servicers are running behind in getting…
How to Find Out What Types of Federal Student Loans I Have?
The new IDR account adjustment going on right now may require that you consolidate your FFEL loans to Direct. You may also want to consolidate differently dated Direct loans to one consolidation that will re-date all the loans to the earliest repayment date so you get as much credit toward…
Other than Ourselves of Course, Who do We Recommend for Challenging Questions re Federal Student Loans?
There are a few of us student loan attorneys around the nation that have dedicated a good portion of their lives and practice areas to understanding the student debt landscape and how to use it to our advantage to solve problems. It shouldn’t be that complicated to repay a debt;…