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Student Loan Scams / Re: Has anyone heard about 'Al...
Last post by 2018annette - March 31, 2020, 04:55:14 pm
Just joining this site.  I was contacted by "Alliance Loan Support", I too am wondering should I continue with them. Their offer sounds too good to be true. They want (4) payments for $248, which would be about a $1000.00. This would only be for paperwork to see if I qualify. I have not paid them anything yet and with me signing the documents can I still cancel everything? I believe i need to research further. Thanks for any input you have.

Ask a Question / Re: Can you advise - Federal L...
Last post by TheCollegeInvestor - March 30, 2020, 08:38:49 am
Random time to ask - right now, all Federal loans are paused until September 30, 2020. Any payments for PSLF that were eligible during this time count anyway.

In general, you just call your loan servicer to get out of forbearance.
We've seen it, but not personally experienced it.
Student Loan Forgiveness / Re: Is there anyone out there ...
Last post by Nr5452 - March 30, 2020, 12:24:06 am
I have the same question. Does anyone have an answer?
Ask a Question / Can you advise - Federal Loan ...
Last post by Josh - March 29, 2020, 10:32:06 am

How do I get out of forbearance for my federal loans?
Is there a form that I need to submit? Where do I find it?

Lastly, once I exit forbearance will my next payments count towards "forgiveness" again?

Thank you in advance,
Navigating Repayment / Re: FFEL Consolidation to Dire...
Last post by TheCollegeInvestor - March 28, 2020, 11:37:20 am
No, you should be able to consolidate FFEL to Direct. Start the process and you'll see it happen.
Navigating Repayment / FFEL Consolidation to Direct C...
Last post by ihuntdux - March 27, 2020, 07:48:28 pm
I am exploring a consolidation of my FFEL loans to a Direct Consolidation loan.

As soon as I was out of school, my FFEL loans were consolidated into 2 consolidation loans. One with all the subsidized and one with all the unsubsidized.

I am seeing the following note here (https://studentaid.gov/manage-loans/consolidation) on the studentaid.gov website:

"Generally, you cannot consolidate an existing consolidation loan unless you include an additional eligible loan in the consolidation."

My loans do not qualify for any of the caveats it gives for existing FFEL consolidation loans on that webpage.

Does this mean I'm out of luck to consolidate to Direct?  Thank you!
Student Loan Forgiveness / Re: Loan Forgiveness and FFELP
Last post by TheCollegeInvestor - March 26, 2020, 04:54:27 pm
On your old NSLDS form there was a way to see who owned the loan, but I don't think there is a way currently. I think your best bet is to call your loan servicer and as who the "loan holder" actually is - is it Department of Education (and as such, does it qualify), or is it a private bank or company?
Student Loan Forgiveness / Re: Forgiveness after 25 years
Last post by TheCollegeInvestor - March 26, 2020, 04:53:08 pm
There is no application for IBR. Your payments end at the end of your 25-year term.

Based on what you said here, I'm guessing that you didn't start IBR until less than 25 years ago (maybe about 5-10 years ago), and/or you consolidated your loans somewhere along the line. These events would be the start of your 25-year timeline.
Private Student Loans / Re: Am I being scammed
Last post by TheCollegeInvestor - March 26, 2020, 04:51:55 pm
We don't judge individual companies, but you should note, there are specific rules for PSLF, and a "graduated" repayment plan is not a qualifying plan. Read this article on PSLF.
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