In theory, student loan forgiveness sounds simple. But over the last decade, the reality has been far more complicated. Since its launch, the Public Service Loan Forgiveness (PSLF) program has left many borrowers confused and frustrated. Despite doing everything they thought was right, thousands of people have been denied forgiveness—often due to issues outside…
How to Reduce Student Loan Debt. Reducing student loan debt can feel overwhelming—especially if you’re already in default. But even in difficult circumstances, there are practical ways to get back on track. The most important step is having a solid repayment strategy and sticking to it. Whether you’re behind on payments or just starting…
Like many borrowers, Mary Carroll trusted that her loan servicer would guide her through the student loan forgivenessprocess correctly. She assumed the company—contracted by the federal government—was ethical, informed, and looking out for her best interest. Several years later, Mary learned that she had been misled. Despite five years of consistent payments and…
California has joined several other states in filing suit against major student loan forgiveness servicer Navient, regarding their alleged abusive collection practices. A common misconception is that Navient itself offers loan forgiveness. However, this is not the case. Navient is simply just a loan servicer, contracted by the federal government….
As the first batch of public service student loan forgiveness borrowers became eligible for forgiveness on October 1, 2017, many discovered the unfortunate reality that their loans and their repayment programs didn’t qualify for forgiveness, and they would have to start all over. This came as a shock to most,…
The IRS has recently published a policy letter, which allows employers to match student loan debt payments (made by the employer on the employee’s behalf). There’s certain minimum and maximum limits that need to be met, but overall this new policy letter looks to be very promising. Here’s how everything…
Recently there has been an increase in the number of companies offering student loan debt forgiveness benefits. A lot of people have some level of student loan debt left over from college. Many businesses have recognized that student loans play a role in a job candidate’s decision-making process. The economy…
