The CARES Act offers temporary student loan relief for millions of federal student loan borrowers. However, the relief expires September 3oth 2020. Today’s post is all about finding the best repayment strategy after the CARES Act student loan relief expires. If you need the lowest monthly payment, are pursuing forgiveness, or want to pay your […]

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Before coronavirus, 1 in 10 federal student loan borrowers were in default. With the financial challenges of coronavirus, paying student loans is harder than ever. Thankfully, the CARES Act has protections to prevent borrowers from becoming delinquent or entering default. All federal student loans are in administrative forbearance through September 30th 2020. That gives borrowers […]

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The CARES Act passed March 27th, 2020. The stimulus package provides relief during this challenging time. The good news is that the CARES Act includes help for borrowers with student loans owned by the Department of Education. In this post you’ll find out what you need to do to take full advantage of the student […]

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I got a notice that my income tax refund is going to be intercepted to repay my defaulted student loans. How can I keep this from happening?   The Department of Education has many tools to collect payment on defaulted student loans.  One of the common methods used to collect on defaulted federal student loans […]

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I have a $65,000 in federal student loans. I’ve heard there’s a way to get loan forgiveness after 20 years. Can you talk to me about what that is?   Federal student loans are all potentially eligible for forgiveness after 20 to 25 years of payments on one of the four income-driven repayment plans. I […]

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Hi, I’ve been working full-time for a non-profit and making payments on my Direct Consolidation Loan under an income-driven repayment plan since 2016. How do I track the progress I’ve made toward PSLF?   Public Service Loan Forgiveness, or PSLF, is a federal loan forgiveness option. It forgives the remaining balance of Federal Direct Loans […]

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Student loan debt is a juggernaut plowing through the earning potential of millions. The burden has topped $1.5 trillion and impacts more than 44 million Americans. It’s size and weight are second only to mortgage debt. As we bear witness to the financial impact it makes, it’s no surprise that we’re starting to see indelible […]

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Hi I’m wondering if you can talk me through if I’m going to actually get Public Service Loan Forgiveness. I’ve seen a lot in the news about people getting denied and I’m worried.   Only about 1% of the borrowers who applied have had loans forgiven under Public Service Loan Forgiveness (PSLF). That’s enough to […]

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Hi, I took out Parent PLUS loans for my son’s education. I would like to refinance them so I can pay less interest. How do I do that?   If you’ve taken out Parent PLUS loans for your child’s education, you are the owner of that student loan. Sometimes parents want to transfer ownership of […]

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