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 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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I want to get my student loans back in good standing. What do I need to do to rehabilitate or consolidate my defaulted student loans?   If your student loans are in default, they’re likely also being held by a collections agency. It’s really important to sort out the holder of your student loan debt […]

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My student loans are currently in default and I’d like to get them back into good standing. I’m really not sure what to do. Can you help me figure out how to get my student loans out of default?   Default is stressful. Don’t be discouraged, there are options. Most borrowers don’t intend to get […]

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By Jeni Burckart One in seven American adults have a share of the nearly $1.6 trillion in student loan debt. Meanwhile, unemployment remains at a low and specific positions, especially healthcare roles, are predicted to have massive shortages. With the supply of laborers low and the demand high, it’s no surprise that today’s workforce is […]

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PSLF is designed for lower income borrowers; like teachers, who may otherwise have difficulty repaying their student loan debt. These borrowers require college education for their professions, but often don’t see the salary increase of other college graduates. Many of these employees have been counting on PSLF since its inception in 2007, only to find out that they didn’t meet very specific eligibility criteria. This article talks about flaws and solutions for PSLF program flaws so borrowers can get the student loan forgiveness they’ve earned.

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I have a Parent PLUS Loan in my name for one of my children.  How can I change the loan to put it 100% in my child’s name, removing my name completely? Are there several choices?  Or only a few?   Refinancing is only way to transfer ownership of a Parent PLUS loan from you […]

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