Are You Eligible For Student Loan Forgiveness?

Are you eligible for student loan forgiveness under the U.S. Department of Education’s newly overhauled Public Service Loan Forgiveness program? Source: https://finance.yahoo.com/news/student-loan-forgiveness-eligible-apply-165146229.html

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Navient Exits Student Loan Servicing

One of the largest student loan servicers is leaving the industry. Senator Elizabeth Warren (MA) said Navient’s exit will leave the industry “far better off”, citing decades of abuses that pushed borrowers deeper into debt. Source: https://www.businessinsider.com/navient-elizabeth-warren-good-riddance-student-loan-company-2021-9

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Student Loan Forgiveness

Student loan forgiveness applications have a 98% rejection rate, but there are some common pitfalls to avoid, such as failing to have your employer sign your Employment Certification Form. Source: https://www.forbes.com/sites/zackfriedman/2021/09/23/why-4500-teachers-got-rejected-for-student-loan-forgiveness/?sh=529fefd0336b

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It has been months since I applied for a loan modification. I have yet to hear back. What can I do?

Attorney Amanda Adrian can review your situation and determine if you have a viable RESPA claim against your servicer. In general, servicers are required by RESPA to evaluate all available loss mitigation options within 30 days and send you a written decision. It may be that your servicer considers your application to be “incomplete” or […]

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Public Service Loan Forgiveness (PSLF) Program

The Education Department released a public inquiry, which asked how the Public Service Loan Forgiveness (PSLF) Program can be improved. In just over one month, the inquiry received more than 33,000 responses. Many responses noted that the PSLF process is quite confusing, as individuals were rejected for relief with no clear explanation. According to The […]

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Homeowners Exiting Forbearance

There are approximately 1.6 million homeowners in forbearance, and 850,000 will exit in the first wave. This article details available options for homeowners who will soon be exiting forbearance. Post-forbearance options include modifying your loan, and choosing a payment option. If you wish to avoid foreclosure and are unsure of which path is the best […]

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Student Loan Borrower in Your 60s

Out of all the age groups, borrowers that are 62 years and older have the least amount of student loan debt, with an average debt of $30,000 plus. However, this is still a substantial amount of debt. Additionally, as they have had years of interest accruing, it becomes increasingly harder to pay off their debt. […]

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Extension of the Foreclosure Moratorium

The Federal Housing Administration has announced an extension of the foreclosure moratorium, through September 30. This is a promising decision when it comes to struggling homeowners receiving the financial help they need. If you feel as if you cannot pay your mortgage, many questions may be ruminating in your mind. What happens when you exit […]

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Chapter 7 Bankruptcy Cases

Debts that cannot be discharged in a Chapter 7 bankruptcy case include: -Child support and alimony -Student loans (with some rare exceptions) -Certain taxes -Debts for personal injury case caused by debtor operating a vehicle while under the influence of any substance -Debts to government agencies for penalties and fines -Debts that you did not […]

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Student Loan Discharge Eligibility

If your school closes before you are able to graduate, will your loans be discharged? If you apply to get a discharge under these circumstances, and you meet certain eligibility requirements, then your loans may be discharged. View more information about eligibility criteria here. If you are unsure if you are eligible for a closed […]

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