The IDR online application is back up, though a demo revealed there are some big new restrictions on enrollments: No enrollment in SAVE No opportunity to request enrollment in the plan with the lowest monthly payment No new enrollments in PAYE (ok for those already enrolled) No new enrollments in…
While the Income Driven Payment application process is shut down (paper applications were being processed, but now they too are reportedly on hold), to be first in line when it restarts, we suggest a paper application be sent to your loan servicer so it’s in the queue, and be sure…
More and more signs are pointing toward bankruptcy being the best platform going forward to address student loans. Why? We can often discharge private and even federal student loans (if either an undue hardship exists or it’s an unqualified education loan); We can cure a default of a federal student…
So I’m hearing that President Trump is moving the federal student loan system over to the Small Business Administration (“SBA”). I’m also hearing today that they are cutting the SBA’s workforce by 40%. Interesting. I admit, I was expecting big changes, but I didn’t really have this on the bingo…
President Trump signed an executive order titled Restoring Public Service Loan Forgiveness a couple days ago. While this should have to go through the normal channel of rulemaking which will take approximately one year, it appears that PSLF will be excluded for non-profits which engage in a “substantial illegal purpose”…
Today’s webinar went off without a hitch – link here. I tried to update our fellow attorneys on what we are seeing or hearing out there in our student loan world. Lots of changes, practically to everything in fact. Student Loan Essentials: Updates, Strategies, and Advocacy for Legal Aid Practitioners. …
A post on Theresa Sweet’s [Plaintiff in Sweet v. Cardona’s class action BDTR lawsuit] Facebook page says the majority of workers reviewing BDTR claims have been laid off and majority of Ombudsman staff have been fired. For several months now, we have been of the opinion that while filing a…
While it is unlikely that the Trump administration will close the Department of Education anytime soon, it is clear that ED will be dismantled in some form over the next few months to years. Many of its functions may discontinue or be passed to other federal or even state agencies.…
During all the hoopla surrounding student loans last year, probably the best program (TPD) out there gets so little attention. Right now, that’s probably a good thing right? I’m talking about the ability for someone who is unable to work a full time job doing what they used to do…
I’m sharing this here — it’s also being provided to our fellow attorneys signing up for our NACA webinar today at 2:00 p.m. Helping your clients take their lives back from their student loans sometimes involve bankruptcy related solutions. While filing bankruptcy has typically NOT been helpful for those with…