Big things are happening regarding Discover’s portfolio of student loans. If you have one of these, please follow along and see what can be done. Specifically, Discover is getting out of the private student loan business. Fully. They are sending letters to borrowers in a bankruptcy that they are forgiving…
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…
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…
It’s free, it’s easy, it’s a way to get IDR credit for the Covid period, and to show your federal student loans were in good standing for the past 3.5 years during Covid. Don’t let your federal loans remain in default, there is no win in doing so. They don’t…
Servicers (mostly Mohela at this time) are saying that borrowers should submit their recertification paperwork on time (You can upload it and/or mail it in), but it will not be processed until the injunction is lifted. If you don’t recertify on time, you will get booted to the standard repayment…