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Can I get my student loans canceled if I pay for a certain period of time even if I do not work in a public service job?
June 19, 2013
by Temp Author
Yes. The government will cancel any remaining balance on your federal student loans if you make payments for a certain amount of time through an income-driven repayment plan (IDR). Under […]
Continue Reading →What are the differences between rehabilitation and consolidation for federal student loans?
June 19, 2013
by Temp Author
Rehabilitation requires that you make nine reasonable and affordable payments in a ten month period. You can get out of default faster through the Direct Loan consolidation program. There are pros […]
Continue Reading →Is repayment relief available for military service?
June 19, 2013
by Temp Author
There is a government deferment program for certain military service members as well as other programs for members of the military or National Guard serving on active duty.
Continue Reading →Student Loan “Debt Relief” Industry Targets Desperate Borrowers
June 19, 2013
NCLC released a new report today, Searching for Relief: Desperate Borrowers and the Growing Student Loan Debt Relief Industry. This industry has sprung up in response to the demand for […]
Continue Reading →What are the terms and conditions of Perkins loans?
June 15, 2013
by Temp Author
Perkins Loans (formerly called National Direct Student Loans, and before that National Defense Student Loans) are low-interest loans for both undergraduate and graduate students with exceptional financial need. Perkins Loans […]
Continue Reading →How do I pay extra to reduce principal?
June 01, 2013
by Temp Author
You must request in writing that the extra amount be applied to principal. You have the right to pay off the loan as fast as you can without a penalty. […]
Continue Reading →What are the terms and conditions of PLUS loans?
June 01, 2013
by Temp Author
PLUS loans come in two varieties: 1) Parent PLUS loans are for parents borrowing for the education of dependent undergraduate children enrolled in school at least half time and 2) […]
Continue Reading →Putting Borrowers First
May 29, 2013
While the debate about student loan interest rates attracts most of the buzz these days, student loan debt collectors continue to fly under the radar. It is particularly difficult to […]
Continue Reading →Will I be sued for collection on my student loan?
May 19, 2013
by Temp Author
The government has the right to sue, but rarely does so because there are so many ways the government can come after you without suing. Private lenders also have the […]
Continue Reading →More Updates & News
Important Note: On June 24, 2024, two court decisions temporarily blocked parts of the SAVE Plan from taking effect. These decisions may change borrowers’ rights and access to certain benefits, including repayment plans. We will update this website with more details on how this will impact borrowers soon. Visit here for more information.
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