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 emails out), we strongly recommend that everyone with a FFEL or Perkins loan consider consolidating to a Direct loan. Do that now. If a lawsuit is filed that gains transaction to put a hold on the IDR recount, this relief may no longer be available. It really is a race against time for the IDR recount I fear.
But what should you do if you have a private student loan?