Articles Posted in Student loans

Fresh Start Ends Sept. 30: What Borrowers Need to Know

A few things I was thinking of today.  First, we received notice from Nelnet of a client approval for Total and Permanent Disability.  This particular client was pretty healthy, but was of advanced age of 76.  I’m pretty sure no employer would be interested at age 76.  He’s been retired…

We were interviewed yesterday by Mary O’Connell for an ABC Action News story on student loan repayment:  https://www.abcactionnews.com/news/region-hillsborough/recent-report-sheds-light-on-how-federal-student-loan-borrowers-are-managing-repayment#google_vignette. Fortunately, we were able to discuss the deadlines coming up in just a couple weeks! “A lot of people are really squished on everyday living expenses that basically student loans come last,”…

The processing of PSLF was turned over by Mohela to ED during the three months preceding July 1 and all work was paused during the transfer.  Starting July 1, ED would have re-started reviews as it was doing the calculations from that point forward.  Then the whole system paused July…

Believe it or not, there are still many people who are in default on their federal student loans.  The Fresh Start initiative to allow someone to cure their federal student loan default ends September 30.  The end of this month.  If you are still in default after that, you’ll face…

So you may have heard by now that all consolidation applications are being processed by Aidvantage.  The online system is completely frozen.  And that most people are being placed into forbearance while the system is frozen.  Just last week, the Department of Ed asked one of the courts for clarification…

Some details about the current status of PSLF – Public Service Loan Forgiveness: PSLF processing and tracking is no longer handled by MOHELA —  You can get much more specific information on your PSLF progress, including a month-by-month breakdown of qualifying PSLF payments, through your account at StudentAid.gov, which is…

Right now, there is a lot of confusion regarding our federal student loan program.  There are multiple federal cases and several injunctions that have pretty much frozen federal student loans. A couple things are still working.  Total and Permanent Disability discharges of federal student loans, and filing bankruptcy on them.…

Here’s a review posted recently about our student loan videos: I wish the views on this channel were much higher. Christie is both thorough and concise. It’s the best channel on YouTube regarding student loans. I know that it’s more confusing than normal now with all the litigation and holds…

An email went out to federal student loan borrowers today that was rather vague.  It basically said to stay tuned.  None of us know exactly what the Biden administration is up too, other than confusing all of us, but it’s possible that they could be talking about this: A new…