Remember how so many people were denied Public Service loan forgiveness because of an error in the document provided, or not completing the right payment program, or some other random reason the student loan company came up with to deny you? Well, there is a chance to have all those payments you made count even if you made a mistake!!!        This news is huge and could mean possible immediate forgiveness for some or forgiveness for others much sooner than we originally calculated.        But you must ACT NOW. With anything an ..read more

      One thing we know for sure is this year has been and continues to be full of changes starting in 2019 and continuing to linger on into 2021. We all thought by now things would be back to normal but we have since realized this would not be the case. With that being said, some things should change like the Student Loan Industry. Luckily there are some things that have come about this year that are bound to be a good thing for many who suffer with the burden of their student loan debt.            1. For starters, as most know, the Stud ..read more

      Understanding how Tradelines works can be the difference between having Fair credit and Excellent credit.  There are two basic kinds of tradelines (referred to sometimes as piggy backing): Parent/Spouse/Family member who adds you as a user on their credit card that has a large available credit limit and long standing good status A user who you don’t know who allows you to be a user on their credit through a third-party supplier (fees involved) For those who do not know anyone who has a high credit limit that has been in good standing for some years who would be wil ..read more

       Sadly, over the last 4 years the Education system was run by what some seem to feel as a person who was unqualified for the job. This was after student loan debt had already reached an all time high and many borrowers were looking for help from somebody; anybody, but no such help came. Betsy Devos resigned shortly after the attack on the capitol. However, Becky Pringle who is the President of the National Education Association believed,  “Resigning 13 days before the end of this administration does nothing to erase the harm Education Secretary Betsy DeVos has do ..read more

  What a relief to know that U.S. Secretary of Education, Betsy Devos, announced the extension of the federal student loan forbearance period to January 31st, 2021. This is great news for those who have student loans that have suffered job loss, had medical issues or dealt with other concerns due to Covid-19.   What this means to you: No payment required until after January 31st, 2021 No interest accrual until after January 31st, 2021 A zero payment still counts towards qualifying payments for an income-driven repayment plan, loan rehabilitation agreement, and public service l ..read more

        Many Student loan borrowers have been waiting for the results of the Presidential election to help them in making decisions on how to best manage their student loans. Now that Biden is the President-elect, we can begin to start determining the fate of student loans for the future. Senator Elizabeth Waren proposes Biden take steps on his first day to eliminate up to $50,000 in student loan debt per borrower.  Based on Warren and Senate minority leader Chuck Schumer’s outlined plan, an executive order would cancel the $50,000 per borrower immediately.  &nbs ..read more

        It’s always exciting news to learn you won’t have to pay your Student Loans.  As you should know, your Department of Education Federal Student loan payments and interest have been postponed until January of 2021 (If you don’t have Department of Education loans you need to call me right away so you can get zero payments and interest too)!!! What you may not know is what you should be doing in the meantime… Depending on your situation there are different steps you should be taking. I will break each one down and you can determine which steps fit your needs. &nbs ..read more

In an unexpected turn of events, Biden has extended the postponement of payments and interest on Student Loans to May 1st, 2022. This gives borrowers an additional 90 days before needing to pay back their loans. This is great news after previously being told they would not extend the postponement any further. However, don’t think that this extra time should be spent not worrying about your loans. Now is the time to make some plans on how you are going to properly manage the loans when they do come due. 1. If you have FFELP loans get them consolidated ASAP. If you arent sure what type of loan ..read more

Sadly, the postponement of your student loan payments is coming to an end and you will have to begin making payments in February. You may have already taken the necessary steps to submit your Income-Driven repayment documents to reduce your payments or you may still need to do so. If you have federal loans that need to be consolidated now is the time to also get that done. If you are one of the lucky few that have already paid off your loans or who doesn’t have any federal loans, pass this message on to someone who may need help. What to expect Interest on all Federal Direct loans will resum ..read more

        Remember how so many people were denied Public Service loan forgiveness because of an error in the document provided, or not completing the right payment program, or some other random reason the student loan company came up with to deny you? Well, there is a chance to have all those payments you made count even if you made a mistake!!!        This news is huge and could mean possible immediate forgiveness for some or forgiveness for others much sooner than we originally calculated.        But you must ACT NOW. With anything an ..read more