Many people are facing uncertainty about PSLF for all kinds of reasons. We’ve focused on those who were told they were in the PSLF program only to find out that their loan types didn’t qualify all along, and now they have to start all over. We also help borrowers who…
Articles Posted in Student loans
Re-Certification of Income for Federal Student Loans – Can I do it Myself? Should I?
How can you trust your student loan servicer when they don’t follow the law 61% of the time per a recent Inspector General’s Report? Let’s look at a relatively simple chore – re-certification of income under an income driven plan. What appears to be simple, can have meaningful impact. If…
The Fresh Start for Life Podcast
A bankruptcy attorney colleague, Don Golden, has started a new Podcast, The Fresh Start for Life, and has graciously had me on as one of his first guests. Tune in to listen to our chat where we talk about options to pay off student loan debt. Links for Itunes, Spotify,…
Dear “Student Loan Sharks”
I regularly ask for hardship letters from our clients in our student loan and other debt settlement cases. One of our clients began his letter “Dear Student Loan Sharks”…. I took that part out, but if you read his letter, you would be very saddened by what has happened to…
Continued PSLF problems…..
Our last client of the day yesterday had this to say: “Navient misled me by having me place my loans on forbearance and deferment rather than on an income driven plan, and also kept me on non-qualifying loans for loan forgiveness for public service. Had they guided me through this…
Forbearance Renewals on Federal Student Loans: BDTR Hotline
Many folks who have filed applications for Borrower Defense to Repayment seeking to discharge their federal student loans due to fraud by the school, are running into problems with their servicers sending bills that payments are now due — even though the application is still pending and the loans should…
Parent Plus Loan Warning: How to Avoid Paying 850% More on Your Student Loans
It’s extremely important when consolidating federal loans that you do not add any Parent Plus loans to the consolidation of your own loans. It will taint the new loan and disallow many favorable options. Here’s an excellent example from a current client (Cecelia) who came to see us before she…
Defaulting on Federal HEAL Student Loans can Cause Loss of Medicare Benefits!
Anyone with a federal HEAL student loan, should be aware that additional consequences can occur in the event of default. One of these consequences is exclusion from Medicare, Medicaid and all Federal health care programs pursuant to 42 U.S.C. Sec. 1320a-7(b)(14) for failure to pay your Health Education Assistance Loan(s)…
Great New Opinions for Discharging Private Student Loan Debt in Bankruptcy
On January 31, 2019, Judge Stong of the Eastern District of New York denied the Motion to Dismiss filed by SLM Corporation, Sallie Mae, Inc., Navient Solutions, LLC and Navient Credit Finance Corp. In this Memorandum Decision, the Court dealt a blow to the private student loan defendants when it permitted…
What if You Can’t Afford to Not Work – Can You Still Obtain Total and Permanent Disability Discharge of Student Loans?
Discharge by disability is something that I don’t see enough borrowers take advantage of to eliminate student loan debt. Today, there was a story in the Wall Street Journal, “Over 60, and Crushed by Student Loan Debt” focusing on the large increase of borrowers over age 60 who have student…