The very rough estimate is to look at how long you’ve been out of school. Then, subtract: 6 months from when you stopped school (grace period doesn’t count) any time you were in default or bankruptcy any time you returned to school. So, if you completed undergrad in ‘96, but…
For those of you facing repayment of federal student loans: some people are asking whether SAVE is restricted to certain years of loans like PAYE. Nope. SAVE is open to all Direct Loan holders, except Parent PLUS. No disbursement restrictions like PAYE. So, as long as you have Direct Loans,…
Lots of federal student loan borrowers are in the same boat now. Have you consolidated your loans in an effort to get onto SAVE for the lowest possible payment? But it seems to have backfired because your payment is now enormous? Here’s some tips that you may want to be…
Well folks, it appears that the Department of Education may have just closed the loophole which led to Borrowers double consolidating Parent Plus loans in an effort to get onto the more payment friendly SAVE program rather than the much higher ICR – Income Contingent Plan. By doing a double…
Lots of people are doing the mental gymnastics to determine whether they qualify for a Public Service Loan Forgiveness (PSLF) now under the IDR recount for Direct loans. More time will count under this program than ever before such as extended forbearances, extended or even graduated payment plans or even…
I just received this from someone who benefitted from our You Tube Channel: After finally conquering my fear of addressing my massive student loan debt, I came across several of your videos on YouTube. On numerous occasions I felt as if you had my case right in front of you!…
If someone needs to consolidate their FFEL or Perkins, or even Direct loans on different timelines for forgiveness, we normally assist by walking someone through this during a phone call or zoom strategy session. That way it is done and immediate. There are times where a paper application is needed…
Finally, servicers are beginning to let people know that the post discharge income monitoring is no longer! Directly from a servicer’s mouth today: What you need to know: Your annual earnings from employment will no longer be monitored upon TPD discharge approval. You will no longer be required to submit…
Lots of folks bought second properties with a plan to do short term rentals through Airbnb or VRO — and now occupancy rates are dwindling, maintenance expenses are increasing, consumer disposable income is declining, and interest rates continue to soar. While not yet an Airbnb bust, it is not the…
How is it possible to wait too long to address student loan debt? Right now, with the IDR recount working to forgive six figure debt for clients (yes, we are now seeing this occur – check your studentaid.gov site for your loan balance b/c servicers are running behind in getting…