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…
Lots of folks bought second properties with a plan to do short term rentals through Airbnb or VRO — and now occupancy rates are dwindling, maintenance expenses are increasing, consumer disposable income is declining, and interest rates continue to soar. While not yet an Airbnb bust, it is not the…
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…
Parent Plus loan borrowers and grad loan borrowers have received the short stick for all the recent announcements post the Supreme Court decision on student loan forgiveness. The new bankruptcy rule will allow debtors to create a Chapter 13 Plan to easily provide IDR credit: Changes: We have revised §685.209(k)(4)(iv)(K)…
Need new hurricane windows, roof, exterior door or garage door upgrades, roof decks, reinforcement of roof to wall connections? – check out this 10k grant below, opened up with new funding on July 1 for Florida homeowners. It’ll match $2 for every $1 you spend. No state tax on several…