First step to student loan success–take responsibility

I often times will answer questions on Twitter by seeing what people are talking about and if it’s in my wheelhouse, talk with them.  Most people ignore, some favorite, a couple respond with thanks and occasionally a dialect begins. And often times it takes you places you don’t want to go.  Such was the case…

Continue Reading →

3 ways to attack your student loan balance in 2015

Happy New Years!  If your New Year’s resolution includes making a dent (or hopefully paying off!) your student loans, here are some great tips to remember! 1) Stay in repayment This will be a no duh.  However so many people will just instantly give up.  If you can’t afford your payment, look for a plan…

Continue Reading →

The Why Behind the Questions: Walking you through a normal conversation with your Student Loan Servicer

Sometimes I even hate the questions we have to ask and the structure we have to follow.  But do remember that often times we are making sure that you are getting the best option and that we are following federal regulation.  Here is a typical example of what will be discussed with your servicer if…

Continue Reading →

Can I target payments on a consolidation loan?

I was listening to Dave Ramsey while doing some work the other day and a student loan issue came up so I perked my ears.  Now I typically agree with Dave 100% but on this answer he was a little misguided.  Not his advice per se but the information he was basing it on. Before…

Continue Reading →

What if my permanent disability is denied?

Like any other loan program you can get denied for Total and Permanent disability. How you showed the Department of Education you were permanently disabled depends on how the denial process works. If you showed the DOE that you are totally and permanently disabled based on the Veteran Affairs determination of unemployability due to a…

Continue Reading →

Why is interest accruing during my grace period?

So here is the scenario.: You were told by your school, your friend, or your next door neighbor that you wouldn’t have to start paying interest on your loans until you entered repayment 6 months after you graduate, withdraw, or go less than half time. Or you knew Unsubsidized Loans accrued interest but your Subsidized…

Continue Reading →

How the DLR Rebate works

The DLR Rebate is not understood by anyone.  This included me when I first got my student loans.  Infact I was going to write an angry letter to the president as a result of it. I had a seasonal business I ran and decided I was going to make a double payment one month when…

Continue Reading →

What if my “other loans” are not paid off after consolidation?

One of the more common post disbursement issues for consolidation is when a consolidation is completed but the loans that it paid off are still showing. Here are a couple of helpful things to remember: -It can take approximately 3 days for the balance on underlying loans to show as paid with the old loans…

Continue Reading →

When does negative credit reporting occur?

Student loans do not work the same as other types of debt.  For example for most companies if you are 30 days delinquent, they will negatively report you to the credit bureaus.  However the Department of Education made a recent change that no negative credit reporting will occur until at least 90 days delinquent.  While…

Continue Reading →

Do I have to make payments on each sequence?

Since all your student loans appear on one bill from a servicer it is easy to forget they are all separate loans.  However you do have to remember to pay the full amount of each installment to avoid delinquency. A common reason I see people being delinquent is as follows: The borrower has 4 installments…

Continue Reading →

Page 2 of 24