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…
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.…