A national web based publication, The Dollar Stretcher.com, picked up our article “Could Student Loan Debt Derail Your Retirement“. We focused on sharing ways to avoid default and reducing student loan payments for Parent Plus loans. It’s a problem and one that is only recently getting attention. Too many parents…
There are limits as to when a student loan servicer can contact someone other than the borrower. They cannot call the borrower’s place of employment if the borrower asks them not to. They cannot robocall the borrower’s cell phone when the borrower asks them not to. They cannot discuss the…
Are you a teacher? A police officer? A fire-fighter? Work in any capacity for local, state or federal government or a non-profit? Having doubts about whether your federal student loans are going to be forgiven after ten years of public service? Join the club. Here are five things you should…
Garin Flowers of Channel 10 ran this story this week with a married couple we have represented with Parent Plus loans. These loans had doubled before they came and consulted with us for repayment options. When the financial crisis hit in 2008, they were forced to go on forbearance for a…
We’ve been spending quite of bit of time lately researching all the ins and outs of Public Service Loan Forgiveness (“PSLF”). One of the issues that has caught our attention is the failure to communicate to FFEL borrowers the need to consolidate their loans to the newer Direct loans and…
If you have a few minutes to add your comments, every little bit helps. Education Secretary Betsy DeVos has announced that the U.S. Education Department is reconsidering rules adopted last year to protect students and to prevent fraud by for-profit schools. The rules give students a path to relief from…
I ran across a pretty helpful newsletter the other day with good tips about how to manage your debt. It’s called The Dollar Stretcher. At this link, there is a pretty helpful guide as to determining how much debt may be too much and what to do about it. It’s…
Unfortunately, some people feel they have no way out when it comes to their student loans. These are usually folks who have tried their best to pay for 10 or more years and are no further along than when they started. Most feel the debt will haunt them for their…
The word “household” appears in over a dozen sections of the Bankruptcy Code, but it is not defined in the Code. Household income and size are extremely important in bankruptcy and determine whether someone qualifies for a Chapter 7 or the length and amount of a plan payment in a…
Florida, Georgia and Alabama consumers need not worry about a recent case out of the Second Circuit, Reyes v. Lincoln Automotive Financial Services, (2nd Cir. June 22, 2017) that held today that if the contract allows for robocalls, you can never revoke consent to call under the Telephone Consumer Protection…