The Student Loan Lawyer - Attorney Joshua Cohen

For all of your student loan issues.

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Covid-19 Stimulus Package: FFEL Loans

Written by , Default, Federal Student Loans, Student Loan Basics, Student Loan Legislation

What is an FFEL Loan? An FFEL (Federal Family Education Loan program) loan is a federal student loan that was originated (funded) by an entity other than the US Education Department (USED). It could be a bank or a credit union (Sallie Mae, Chase, Wells Fargo, etc.), or even a guarantee agency . . .
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Covid-19 Stimulus Package: Perkins Loans

Written by , Default, Federal Student Loans, Repayment Plans, Student Loan Basics, Student Loan Legislation

What is a Perkins Loan? A Perkins loan is money given by your school. It is considered a Federal student loan because the money was given to the school by the US Education Department (USED). The school lends the money, owns the loan, may hire a servicer to collect when the loan is in good standing . . .
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Covid-19 Stimulus Package: Direct Loans

Written by , Default, Federal Student Loans, Repayment Plans, Student Loan Basics, Student Loan Legislation

What is a Direct Loan? A Direct Loan means the money was borrowed Directly from the US Education Department (USED). No middleman. The loan will always be held by USED. When in good standing, a servicer helps USED collect by sending bills and offer affordable payment plans and/or forbearance and . . .
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Covid-19 Stimulus Package Help Based on Student Loan Type

Written by , Default, Federal Student Loans, Private Student Loans, Repayment Plans, Student Loan Basics, Student Loan Legislation

The stimulus package has lots of facets, including student loan protections. The question you might be asking is, “How will it help me, the student loan borrower?” The real question should be DOES it help you, the student loan borrower. Because guess what, the stimulus does not help all student loan . . .
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Covid-19 Stimulus Package: Private Loans

Written by , Private Student Loans, Student Loan Legislation

What is a Private Student Loan? A private student loan is a loan originated by any bank, credit union, or even a guarantee agency. It is NOT insured by the US Education Department (USED). And of course, it is not originated by USED. It’s no different than any other loan you would get from a bank, . . .
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Covid-19 and Student Loans – Update

Written by , Default, Federal Student Loans, Student Loan Basics, Uncategorized

Today, March 25, 2020, the US Education Department (USED) rolled out protections for defaulted loans. It's quite simple. No more collection activity on defaulted loans held by USED. As I said in my previous post on this subject, loans held by USED are Direct Loans and some defaulted FFEL loans that . . .
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Covid-19 and Student Loans

Written by , Federal Student Loans, IBR, Private Student Loans, Repayment Plans, Student Loan Legislation

Let's get right to the point. We're all at a place of flux, as are our finances. The main question, what do to with student loans now that there are things being suggested, ordered, and such. Let's clear the clutter and state exactly what is going on as of today - March 23, 2020. Federal Loans . . .
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Married Doesn’t Mean Joining Finances all the Time.

Written by , Default, Dischargability, Federal Student Loans, Private Student Loans, Student Loan Basics

Congratulations! You said, "I do!" Oh, the things that follow "I do". Sometimes it's "I don't", or "I won't". Hopefully, it's not "I shouldn't have". I'm talking purely student loans here. Recently I was quoted in a story by Nerd Wallet, titled "Should your student loans and your spouse’s get . . .
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