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1
Student Loan Forgiveness / Re: PSLF and Consolidation
Last post by TheCollegeInvestor - November 30, 2022, 09:03:10 am
It depends on what loan type you have. If you consolidated pre-2010, it's highly likely you still have an FFEL Loan. FFEL Loans aren't eligible. Only Direct student loans.

The easiest way to understand what loan types you have is to go to StudentAid.gov, login, choose MyAid, and you'll see everything listed.

If your loan starts with "Direct", it would qualify if Biden's proposal goes through.

If your loan starts with "FFEL" or "Federal Family", it doesn't qualify.
2
Student Loan Forgiveness / Re: PSLF and Consolidation
Last post by francescaowens01 - November 29, 2022, 10:03:29 am
Just the exact same issue I have. Any answers?
3
Student Loan Forgiveness / Re: Why are my consolidated lo...
Last post by TheCollegeInvestor - November 28, 2022, 09:17:35 am
It depends on what loan type you have. If you consolidated pre-2010, it's highly likely you still have an FFEL Loan. FFEL Loans aren't eligible. Only Direct student loans.

The easiest way to understand what loan types you have is to go to StudentAid.gov, login, choose MyAid, and you'll see everything listed.

If your loan starts with "Direct", it would qualify if Biden's proposal goes through.

If your loan starts with "FFEL" or "Federal Family", it doesn't qualify.
4
Student Loan Forgiveness / Re: PSLF and Consolidation
Last post by freeaparler - November 28, 2022, 05:13:04 am
Hello All,

I'm looking for guidance. Several years ago I consolidated my $40k federal student loans through Navient and now I'm being told that I am not eligible for the Biden loan forgiveness program.

I was a PELL recipient and eligible for the $20k forgiveness. It would hurt tremendously if I'm not eligible. Any advice on what I should do, please?

Thank you!
5
Student Loan Forgiveness / Why are my consolidated loans ...
Last post by freeaparler - November 28, 2022, 05:05:52 am
Hello All,

I'm looking for guidance. Several years ago I consolidated my $40k federal student loans through Navient and now I'm being told that I am not eligible for the Biden loan forgiveness program.

I was a PELL recipient and eligible for the $20k forgiveness. It would hurt tremendously if I'm not eligible. Any advice on what I should do, please?

Thank you!
6
General Discussion / Re: Am I eligible for 20k stud...
Last post by TheCollegeInvestor - November 10, 2022, 08:15:29 am
The only loans that are eligible are loans held by the government. Perkins loans are typically held by your college, so they're not eligible unless you consolidated them.

That doesn't make you disqualified. You'll simply be eligible for $20k on your direct loans. If you have less than $20k in Direct Loans, they'll wipe out your entire loan and you'll just be left with that Perkins loan.
7
General Discussion / Am I eligible for 20k student ...
Last post by TDParker18 - November 10, 2022, 07:07:49 am
I meet the income requirements and received Pell grants.

95% of my loans are Direct loans. 5% of my loans are Perkins loans. I make the Perkins loans payments to Heartland ESCI. I've never consolidated any student loan.

I read an article recently that says, in pertinent part, as follows:

"As of Thursday, borrowers with student loans through the Federal Family Education Loan (FFEL) program and Perkins Loans who have not already consolidated their debt into direct loans will now no longer be able to do so and are no longer eligible for federal debt relief[.]" See https://www.cnbc.com/2022/09/29/some-federal-student-loan-borrowers-cannot-consolidate-for-forgiveness.html

Does this mean if I apply for loan forgiveness, I'll be denied any student loan relief on any portion of my loans (including the Direct loans) because 5% of my loans are Perkins loans? Can I avoid being disqualified by paying off the Perkins loans before applying for relief?

Thanks in advance for any insight on this situation.
8
Student Loan Scams / Re: Checklist To Avoid Student...
Last post by Sadiemarceaux - October 24, 2022, 05:38:50 pm
Do you know if ENM consulting services is legit are a scam

It looks like they put my account into forbearance.

They charge me a fee for 12 months and then zero payment monthly for the next few years.  Is this how loan forgiveness works ??
9
General Discussion / Re: "Student Loan Defense Cent...
Last post by Sadiemarceaux - October 24, 2022, 05:33:01 pm
Is ENM consulting service legit are a scam
10
Student Loan Scams / Anyone know about Studentplans...
Last post by JSparks1776 - October 19, 2022, 06:34:15 am
Dear ______, This is a reminder to inform you that you have a scheduled payment of $39.00 for Lead Junction [LJ] due on 10/21/2022. Thank you, Student Plans Tel: 866-450-7526 Fax: 877-233-5838 Please take a moment to see if anything below may help with your student loan situation: * Has your income decreased? Have you recently started receiving Disability Income? Had a baby? An Income and/or Family size update may be beneficia
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