As a student loan advocate for many years, and a practicing attorney in Tampa Bay, I fear that many people may interpret this advice in a way that will hurt their chances for forgiveness. The PSLF application is only one-half of the equation. A very important part is to make…
As the deadline to consolidate FFEL loans to Direct loans in order to receive PSLF forgiveness (OCT 31, 2022), we recommend that borrowers use Nelnet to consolidate rather than Aidvantage or Mohela as Nelnet is currently processing these quicker. The account would then be transferred to Mohela, as the PSLF…
While the current pause for federal student loan repayments is expected to end August 31, 2022, it is widely thought that this date may actually be extended again until the end of the year (which is past the mid-term elections). The Department of Education furthered this thought process by telling…
Click here to view this email as a web page. Register Now: A Guide to Submit the Public Service Loan Forgiveness (PSLF) Form Webinar: A Guide to Submit the Public Service Loan Forgiveness (PSLF) Form Wednesday, August 24, 2022; 8–9 p.m. Eastern time This webinar is intended for…
I just finished reading Eleni Schirmer’s article in the New Yorker today about aging student loan debtors. This is something I regularly see as well in our law practice. Folks with crazy high balances nearing or actually in retirement, with absolutely no way to even think of paying the off…
Providing a sign that the federal student loan repayment pause will be extended once again – perhaps from August 31, 2022 to December 31, 2022, the Wall Street Journal reported today that servicers are being requested NOT to send bills to borrowers. Even if the pause is extended, there can…
I expect many of you are wondering: Should defaulted borrowers do the fast-tracked rehab or wait for “fresh start”? Here is what we are hearing: The Fresh Start process is intended to be easier and more accessible than the rehab process, and hopefully will be, so many borrowers/advocates will reasonably…
We are hearing from folks that they believe there is a 7/28 deadline to file a BDTR application for auto approval. The case Preliminary Settlement Approval hearing in Sweet v Cardona is 7/28/22. It is NOT a deadline, but we should know more after that hearing. Hopefully, they will set …
We’re 40 some days away from the 8/31/22 federal student loan re-start date. We’re all waiting for the details of the Fresh Start announcement for borrowers in default to reenter payment in good standing when the pause expires. This would theoretically eliminate the need for a rehab or consolidation to…