The highest priority that the Department of Education should be focused on now is updating borrowers’ payment counts with the IDR adjustment/audit. We have had so many people benefit from this over the past couple years – but there are still large numbers of people who have consolidated their Direct…
Wow, record attendance expected today for a webinar I’m presenting in a couple hours at CPA Academy. The topic? What else but student loans after the election… Student Loan Forgiveness: Evaluating the National Landscape and Loan Programs. On live today at 4:00 p.m. EST, will be recorded for anyone who…
If you have debt issues and are in the Tampa Bay area, the Tampa Division of the Middle District of Florida is headquartered in downtown Tampa, Florida. It serves Hardee, Hernando, Hillsborough, Manatee, Pasco, Pinellas, Polk and Sarasota counties. If you are in any of these counties, and are running…
So what exactly does a Chapter 13 do with regard to debt that is co-signed by someone who did not file bankruptcy? What about debt that survives a bankruptcy such as many (but not all) student loans? First off, a co-debtor stay is imposed immediately when a Chapter 13 is…
My sister in law showed me her phone and over just one day she received 5 different messages regarding her student loans. Two were from Navient and Earnest. While she didn’t click them to see what they were, I’m certain they were solicitations to refinance her federal loans to a…
What should you receive once your enrollment is secure? Your student loans on studentaid.com should now show: You enrolled in Fresh Start Transfer on 09/30/2024. Your debts have not yet transferred to your new loan servicer. There is no payment due at this time. You should receive additional communications within…
Parent Plus Borrowers: There is a pending bill called The Parent Plus Parity Act. If this bill becomes law it will: Make Parent PLUS borrowers eligible for all income-driven repayment plans—including SAVE Allow loan forgiveness if the child becomes eligible for Total and Permanent Disability discharge Make Parent PLUS borrowers…
Great news on the IDR Recount/Audit. The student loan ombudsman Bonnie Latreille said the Department of Education are almost done processing the One-Time Account Adjustment and that should be done very soon. She also said that borrowers who have multiple consolidations might see a delay—just because it’s trickier to calculate…
NEW – If you cannot get through to Default Resolution Group or FFEL Guarantor so client can enroll in Fresh Start by midnight Eastern on 9/30, THERE IS A NEW WAY TO ENROLL BY EMAIL! ON https://myeddebt.ed.gov/borrower/ SKIP WHITE BUTTONS, and READ LIGHT BLUE BANNER ACROSS TOP OF PAGE. CLICK ON THE SMALL click here “to…
The SBA is sending out e-mails that seem to indicate that even though the signature block for the borrower is a corporate entity or LLC, the individual signing is also somehow liable in a personal capacity. But they also confirm that loans up to $200,000 require no personal guaranty. The…