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 –…
Much 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…
A podcast I did for Wealthy Woman Lawyer about student loan debt relief just dropped here: https://www.wealthywomanlawyer.com/episode-164/ 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…
As 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…
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…
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…
Click here to view this email as a web page. Register Now: A Guide to Submit the Public Service Loan Forgiveness (PSLF) Form Webinar: A Guide to Submit the Public Service Loan Forgiveness (PSLF) Form Wednesday, August 24, 2022; 8–9 p.m. Eastern time This webinar is intended for…
I just finished reading Eleni Schirmer’s article in the New Yorker today about aging student loan debtors. This is something I regularly see as well in our law practice. Folks with crazy high balances nearing or actually in retirement, with absolutely no way to even think of paying the off…
Providing a sign that the federal student loan repayment pause will be extended once again – perhaps from August 31, 2022 to December 31, 2022, the Wall Street Journal reported today that servicers are being requested NOT to send bills to borrowers. Even if the pause is extended, there can…