Quick overview of Federal Loan repayment plans based on income: IDR, IBR, ICR, PAYE, New IBR, and REPAYE. Plus, I sing! . . .
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Student Loans and Credit Reports
With all the recent press about credit reporting company Equifax's major data breach, now's a good time to discuss the intersection of student loans and credit reports. It's not uncommon to have questions about how student loans affect credit, so lets sort the myths from the facts.
What Shows on a . . .
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PSLF Application and the Big Bug
It's here! Finally! The long awaited application for Public Service Loan Forgiveness (PSLF). True to Dept. of Ed fashion, it has one big bug in it. The kind that you don't want to step on because you know it'll be messy. But first, lets discuss what PSLF is, and then we can look at the form.
What . . .
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Post-Election Chopping Block
Regardless of your emotional response to the election results, the question on your mind now is, "Now what?". Will student loan programs be axed? Will some be saved? The door is wide open to possibilities, but lets start with what the new President can and can't do. There are issues that are within . . .
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The Lies They Tell In a Student Loan Relief Scam Business
Want to start a student loan relief business? According to a recent ad that will give you all the tools to do just that, you can learn the tricks that let you cut someone's private student loan payment by more than 50%.
Clients who sign up for this program apparently also get a written guarantee . . .
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Student Loan Bill of Rights
On March 10, 2015, President Obama introduced the Student Aid Bill of Rights; another executive action to deal with student loan debt. Read the official Memorandum.
Let's take a look at some of the details.
State-of-the-Art Complaint and Feedback System
The President is requesting a "simple . . .
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IBR, ICR, PAYE, and IBR. Wait, what?
Dealing with Federal loans means understanding industrial acronyms. But what do you do when the same acronym means different things - or multiple acronyms mean almost the same thing. Does a letter really make a difference? You bet it does!
Today we'll discuss income driven plans - repayment based . . .
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What You Don’t Know About Student Loans Can Really Hurt!
IBR, ICR, and PAYE – the income driven repayment plans:
These three plans, Income Based Repayment (IBR), Income Contingent Repayment (ICR), and Pay As You Earn (PAYE), are all based on your income. That means low income earners, or those on social security, can qualify for an exceptionally low . . .
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Treating Servicers like Potty-Training Toddlers
This past weekend, I attended the Consumer Rights Litigation Conference put on by the National Consumer Law Center (NCLC). The opening speech was by Deputy Treasury Secretary Sarah Bloom Raskin. It was a fabulous speech about my favorite topic - student loans. Understand that the NCLC conference . . .
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This is the end…
I pondered all the songs that could be appropriate for this post - ding dong the witch is dead, deadman's party, celebration time, the list goes on. But in the end, sing what you want, because it appears the death knell is ringing. Corinthian colleges is on its way out.
Corinthian Colleges
I . . .
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