Click here to view this email as a web page. Register Now: A Guide to Submit the Public Service Loan Forgiveness (PSLF) Form Webinar: A Guide to Submit the Public Service Loan Forgiveness (PSLF) Form Wednesday, August 24, 2022; 8–9 p.m. Eastern time This webinar is intended for…
I just finished reading Eleni Schirmer’s article in the New Yorker today about aging student loan debtors. This is something I regularly see as well in our law practice. Folks with crazy high balances nearing or actually in retirement, with absolutely no way to even think of paying the off…
Providing a sign that the federal student loan repayment pause will be extended once again – perhaps from August 31, 2022 to December 31, 2022, the Wall Street Journal reported today that servicers are being requested NOT to send bills to borrowers. Even if the pause is extended, there can…
I expect many of you are wondering: Should defaulted borrowers do the fast-tracked rehab or wait for “fresh start”? Here is what we are hearing: The Fresh Start process is intended to be easier and more accessible than the rehab process, and hopefully will be, so many borrowers/advocates will reasonably…
We are hearing from folks that they believe there is a 7/28 deadline to file a BDTR application for auto approval. The case Preliminary Settlement Approval hearing in Sweet v Cardona is 7/28/22. It is NOT a deadline, but we should know more after that hearing. Hopefully, they will set …
We’re 40 some days away from the 8/31/22 federal student loan re-start date. We’re all waiting for the details of the Fresh Start announcement for borrowers in default to reenter payment in good standing when the pause expires. This would theoretically eliminate the need for a rehab or consolidation to…
Are you unsure whether your private student loans are covered by the Navient/AG settlement? Navient has sent or is still sending out correspondence to all qualifying private loans under the Navient/AG settlement – give that until the end of July per the settlement – if your address is current with…
Normally, a teacher who qualifies for Teacher forgiveness after five years of service at a low income Title I school, cannot also obtain Public Service Loan Forgiveness using that time. That won’t matter for someone who has less than $17,000 of federal student loan debt which is the cap for…
I fondly recall our very first Total and Permanent (“TPD”) case a few years back. An older borrower, as I remember, who was probably in her late 60s, reached out to us after she basically gave up trying to get her federal student loans forgiven even though she had qualified…