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…
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…
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!…
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…
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…
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…
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…
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;…
Pish posh on the 10k forgiveness the Supreme Court recently denied. This is SO MUCH MORE IMPORTANT! And a lawsuit was filed yesterday by the New Civil Liberties Alliance on behalf of the Mackinac Center for Public Policy and the Cato Institute in an effort to block it. So take…
The Navient settlement today reflects a broad shift in the understanding of higher education debts that can be summarily discharged in bankruptcy. The case is Homaidan v. Sallie Mae Inc., Bankr. E.D.N.Y., No. 17-01085, motion filed 7/21/23. If you are considering bankruptcy to fix your finances, make sure to get…