Don’t let this happen to you or one of your loved ones! Take action now! Tell your loved ones and friends to take action now. Don’t wait for Congress. With the $2,000 stimulus that is now likely, it appears that President Elect Biden may have to push any meaningful student…
Articles Posted in Student loans
Secretary of the Department of Education, Betsy DeVos, Resigns!!!!
YAY — Bloomberg posted this tonight at 9:02 p.m. I couldn’t be happier about Secretary DeVos resigning from the Department of Education. It is well known that she has been a thorn in student loan advocates’ sides for quite some time! It’s too early to tell what exactly all the…
Discharging Student Loan Debt – Poll by ABI consumer committee members
How do you feel about discharging student loan debt in bankruptcy? The American Bar Institute (ABI) Consumer Bankruptcy Committee conducted a poll on what changes would attendees like to make to student loan discharges that I found interesting: 10% Recommended no changes – leave it as it is 22% …
New Federal Student Loan Servicers
Are you receiving notices from any of these five companies? If not yet, you likely will in the next few months. EdFinancial Services F.H. Cann & Associates Maximus MOHELA Trellis Company If so, this is because they all were awarded new contracts by the Department of Education starting in December…
What if you can’t Catch up on Bills that Piled up During COVID-19?
As the owner of a small bankruptcy law practice in Tampa, Florida, we were often thought of as the epicenter of the great recession and foreclosure crisis back in 2008-2012. One thing that always made a big impression on me, was the number of people who genuinely believed and tried…
Discharging Private Student Loans – New Sixth Circuit Case RE: Cost of Education
The question as to whether the private student loans were incurred “solely to pay qualified education expenses” under 26 U.S.C. Section 221(d)(1) is where these cases are won or lost. In Conti v. Arrowood Indemnity Co., No. 20-1172 (6th Cir. 12/14/20), the Court affirmed a bankruptcy court’s judgment against the…
New Hope for Borrower Defense to Repayment Program!
Despite Secretary DeVos summarily denying virtually every Borrower Defense to Repayment application that was ever filed under her watch, don’t give up hope! The Judge in Sweet v. DeVos just ruled that Secretary DeVos must give prior notice to the Court before denying any more borrower defense claims from student…
TE-PSLF — What to do if You Don’t Qualify for Public Service Loan Forgiveness
Good news. There’s lots of money left in TEPSLF. 700 million was appropriated and as of September 2020, only about 87.5 million had been discharged under TEPSLF. There is a new form here: https://studentaid.gov/sites/default/files/public-service-application-for-forgiveness.pdf. Under the new form, you don’t have to apply for regular PSLF first, be denied, and…
Are You Returning to Work Solely Due to Your Student Loans? Here’s a Better Way…
Join us tomorrow at noon EST/ 11:00 CST for a Facetime Interview between Jamie (Miller and Miller in Wisconsin) and Christie (Arkovich Law in Florida) as we discuss why NO ONE should feel compelled to return to work right now, just to be able to pay their student loans. There…
How do You Get Rid of Student Loans – Use the Opportunities that COVID-19 presents now!
Are you tired of endlessly paying on your student loans, only to see no headway at all being made? I wrote this article for our local Cramdown publication for Tampa Bay attorney advocates and bankruptcy attorneys – these are tips that everyone should know about and ask their advocate for…