Articles Posted in Student loans

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Here’s a news clip on this topic that ran yesterday:

It’s a good short 2 minute summary of what this means and well worth a listen!  I haven’t seen this in the news much and we really need to get the word out because in my 30 years of practice, I see this as finally working to discharge significant federal student loan debt.

So how are we starting on this to get our student loan and bankruptcy clients discharges in 2023?

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Federal student loan paused again till June 30, 2023 or until 60 days after a final disposition of the lawsuits that are currently blocking student debt relief — whichever is sooner.


Working on a bankruptcy summary now — lots of new tools to add to our toolbox to help end student loan debt!

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Urgent 10/31 deadline for PSLF

We have learned that not only must the employer certification be dated 10/31 or before, but borrowers must use the PSLF HelpTool to download and sign the PSLF application by end of day 10/31. We recommend doing so as soon as possible to avoid any technical problems.

The application itself can be mailed or faxed after 10/31, but must be signed with a date of 10/31 at the latest.

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Borrowers seeking public service loan forgiveness have ONE week left or until October 31, 2022, to:

  1. Get your consolidation application filed for any FFEL or Perkins loans to make them eligible; AND
  2. Have your employer sign the PSLF certification form.
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We were able to help Michelle get rid of $160,000 in federal student loan debt and she posted this Google review today.  Note that the Biden forgiveness of 10k would have only been small drop in a very large bucket.  There are lots of things going on out there – and if you have student loan debt, this year is the very best year for you to finally do something about it!

$160,000.oo in student loan debt gone. $160,000.oo to $0.oo I wasn’t sure at first. They helped me file for my total and permanent disability discharge. I had my initial consultation with Attorney Arkovich and she was spot on with everything. After my initial consultation I worked with Jeremy on everything. He always answered my emails and phone calls quickly no matter the question. Even after my discharge he responded quickly to a question I had. I never thought I would get rid of my student loan debt. With my health failing it was a burden that I would never be able to manage. I would recommend Attorney Arkovich to any disabled person who needs help. My personal experience was exceptional. Thank you Attorney Arkovich and Jeremy 😃

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dinnerMuch like the chaos of a Targaryen family dinner, the Joint Consolidation Loan Separation Act was signed into law today by President Biden – which creates an enormous timing problem.

While this is awesome news for borrowers of federal student loans who are trapped in this “One Way In, No Way Out” Spousal consolidation program where none of the newest and best ways to obtain forgiveness applies — there is one very large problem and that is timing.

You only have two weeks to take advantage of this change for public service work!!!  Why isn’t this being talked about?

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A podcast I did for Wealthy Woman Lawyer about student loan debt relief just dropped here:

The key to increasing wealth is often thought of as increasing multiple revenue streams etc.  While reducing expenses may not be the most important thing to increasing wealth, sometimes you just can’t get past the day to day without making moves to reduce your expenses.

In this podcast, Davina Frederick and I, discuss how a business owner can intentionally reduce their student loan debt by taking advantage of various programs and tax relief now.  Not next year, but now.  Many of the fixes to the broken federal student loan system expire at the end of this year so it’s important to review where you are and what your plan is to get rid of this debt now!  Tune in for some ideas here.

Published on: 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 sure that you consolidate your federal loans before 10/31 to get this relief.  A consolidation will allow the required ten years to run from the date of the first loan, as well as make sure that older loans and Perkins loans are included for PSFL forgiveness.

If you simply send in the PSFL application by itself, by the time you realize you have the wrong loan type, it will be too late to correct this.  Also, you won’t have the benefit of the ten years running from the date of first loan, which could add years of unnecessary payments.

A key requirement to take advantage of the new PSLF Waiver is to make sure you have Direct federal loans.  Prior to 2010, an estimated 80% of federal loans were under a different and now out-dated program called Federal Family Education Loans (“FFEL”).  An easy way to check, is to go onto and view details of your loans.  You have until October 31, to consolidate any of these older FFEL loans, or even Perkins loans, to a newer Direct loan.  Only Direct loans are eligible for the PSLF Waiver which is intended to ensure that past payments actually count toward forgiveness, as well as the IDR Waiver which allows past lengthy forbearances also to count.  Even the recent $10,000 – $20,000 forgiveness will only apply to those loans held by the government.  While some FFEL loans are held by the government, most remain with private firms and are excluded from all of this.

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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 servicer, once the PSLF certification is filed.

It’s also quicker to do so online if possible.

The language used by the Department of Education makes it appear as though you must have a Direct loan to be considered for the limited PSLF waiver, not that an application has been filed.

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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 its servicers NOT to send bills saying student loans are coming due in September.

It’s now August 19.  Less than two weeks left to the end of the month.  In the past, decisions to extend the payment pause were made approximately 40 days before the expiration of the deadline.

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