Student Loans
Our blog is designed to provide information regarding some of the critical topics those with student loans must be aware of to be able to make educated decisions regarding their future.
Recertification
What is re-certification and why is it important? Simply put: You must re-certify your family size and income annually to remain in your Income-Driven Repayment Plan (IBR, ICR, PAYE, RE-PAYE). While millions enjoy the payment benefits of the Federal Income-Driven Repayment programs, many do not complete the annual recertification requirement. While it would be nice if you only had…
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4 Strategies to Lower Student Loans
Lower Your Student Loan Burden When it comes to handling your student loan debt, both short and long-term options can help you. Whether you’re struggling with your payments today or worried about how you’re going to pay them off in the years to come, we have some valuable solutions to offer you. As some of these strategies are…
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Student Loan Forgiveness Options Available for ITT Tech Students?
ITT Tech has decided to close its doors permanently. After the recent decision from the Department of Education to ban the for-profit vocational college from enrolling new students with federal student loans, ITT Tech has decided to close its doors permanently. The news came as a shock as the company has been in business since 1969 and until…
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Student Aid Bill Of Rights
President Obama recently proposed a new Student Aid Bill of Rights to help take action on the student debt problem, and provide borrowers with more rights and protections. With the current average borrowers student loan debt at $37,172, and the average default rate at nearly 14%, its neither a surprise nor secret that the country is facing a very…
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Student Loan Rehabilitation
A student loan rehabilitation is typically a 9-10 month payment program where the borrower will make agreed upon payments to rehabilitate the student loans to remove the default status. The payment amount is typically agreed upon by both the lender and the borrower, to be an affordable payment that the borrower can make. Once the borrower has made these…
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Permanent Disability Loan Discharge and Tax Debt
You’ve finally gotten those old federal student loans discharged and now have some breathing room to pay down bills, perhaps put aside some money for retirement or begin building a college fund for your kids. Before you start spending your now free cash though, have you received your new tax bill? If not, there’s a Form 1099-C somewhere…
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Federal Student Loans and For Profit Colleges
In attempting to strengthen the student loan process and keep funding moving for students attending reputable schools, the Obama Administration has revised a series of regulations designed with For Profit Colleges in mind. The idea is to tie access to Federal financial aid to the success of graduates of these schools. What is a For Profit College? If…
Continue Reading ->Educational Benefits for Military Family Members
There are a number of educational resources for family members of U.S. Veterans. The two primary Federal Programs are the Survivors’ and Dependents Assistance Program and the Post 9/11 GI Bill Dependent Benefits. Survivors’ and Dependents’ Educational Assistance Program (DEA) The DEA provides up to 45 months of education and training benefits to eligible dependents of certain classes…
Continue Reading ->The Post-9/11 GI Bill
Active Duty and Veterans are not restricted to traditional classrooms or courses of study. The following training programs are approved for veterans under the Post-9/11 GI Bill and qualify for assistance. For a full summary of benefits for these and other programs under the Veterans Administration, you can visit their website here Correspondence – Time sensetive courses received through the…
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Sallie Mae Student Loans – The Heart of the Crisis
While members of both political parties are patting themselves on the back after lowering the student loan rates, they still haven’t addressed the heart of the problem. The largest provider of those loans, Sallie Mae, still has extremely close ties to the federal government and absolutely no interest in helping students keep their loans on track and out…
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