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General Discussion / re certifying through fedloan ...
Last post by Carol - April 24, 2019, 05:36:27 pm
I've never had a complaint until now with fedloan servicing.  I recertified this year and mistakenly triggered a request for additional income verification along with my 2018 IRS info.  I therefore uploaded my paycheck stub to fedloan per their request.  When submitting pay check information, fedloan looks at the gross amount, which is far more than my agi.  Can I redo the recertification and not mark the box that triggered the extra income verification?  I waited 30 minutes on hold for a rep. and finally spoke with someone who couldn't give me a clear answer except, "you can try."  Well, I know I can try, but will the second request be honored?  And if I can't redo it, then will I have to submit my check stub every year from now on, so they can get more money from me?  Before now, my IRS info was enough.   
Student Loan Scams / Re: Documents Done Right.. are...
Last post by NeeP - April 20, 2019, 10:57:08 am
We have discussed many hours with Documents Done Right and came to the conclusion that a miscommunication between us (Scammer.info admins) and Documents Done Right has led to the assumption of us that they are scammers and were cold calling people.
However that was not true! It came to light that they are not scammers, they are indeed providing paperwork help and help people to submit the documents every year to re-qualify for the different programms. Furthermore they do not ask for FSA ID and also they have a company address and everything is openly visible on their website.
They were super open and cooperative so as far as we are concerned trust them in the way they are doing business.

Sorry for the confusion.

Moderator on Scammer.info
(edited on May 02, 2019)

Ask a Question / Re: Is there relief for intere...
Last post by TheCollegeInvestor - April 17, 2019, 09:03:37 am
No, there isn't. If you're on an income-driven plan and that's why your interest has been growing, you'll see any remaining balance forgiven after 25 years. So, you're coming up on that milestone and it will all disappear.
Ask a Question / Re: Social Security offset gar...
Last post by TheCollegeInvestor - April 17, 2019, 09:02:37 am
Yes, 15% is the most they can take of your Social Security, but other government payments are free game. For example, they can take 100% of your tax refund.

The offset will never make much impact on your loan debt, so you're usually worse off with the offset than rehabilitating your loans and getting on an income-driven repayment plan.

If Social Security is your only income, getting on ICR for your PLUS loan should make a big difference.  Read this: https://thecollegeinvestor.com/22174/student-loan-default/

Then read this: https://thecollegeinvestor.com/17101/options-if-you-cant-afford-your-parent-plus-loans/
Ask a Question / Social Security offset garnish...
Last post by Terry101 - April 17, 2019, 07:32:21 am
I owe 200K Parent Plus Loans and am in default  15% of my SS income is being taken out each month.     Is that the maximum the govt can take out?  If I consolidate the payments would be 1000 more per month. Am I better off just letting the offset (439.00) per month be taken out? 
Ask a Question / Is there relief for interest?
Last post by Arnewt01 - April 16, 2019, 07:53:33 am
I graduated from college in 2000. I borrowed $26,000. I have not been able to pay much towards my loans and now my balance is $70,000. My loans have accumulated $44,000 in interest!!! Is there any way to negotiate a pay-off amount to get relief from the accumulated interest?
Student Loan Scams / Re: Documents Done Right.. are...
Last post by mrbeltran - April 16, 2019, 06:56:49 am
I recently got called too!!

Apparently they're a document preparation company. They don't offer anything except for documents. I wanted their services but I don't qualify since I only have $5,000 in loans..
They walked me through everything. They were explaining the programs the department of education already offers, but they offer to do the paperwork to get the best result.

Not a scam, it's kinda like taxes. You can do it on your own but if you want to get the most out of your program then definitely give them a call..
Student Loan Forgiveness / Re: Teacher Loan Forgiveness
Last post by kpaulso - April 15, 2019, 09:48:16 am
 ;D Great news!  Thank you so much!
Student Loan Forgiveness / Re: Teacher Loan Forgiveness
Last post by TheCollegeInvestor - April 14, 2019, 02:51:49 pm
No, teacher loan forgiveness doesn't require direct loans or a certain repayment plan. In fact, Teacher Loan Forgiveness was started before direct student loans even existed.
Student Loan Forgiveness / Re: Teacher Loan Forgiveness
Last post by kpaulso - April 13, 2019, 03:43:42 pm
Thank you for your reply! 

You are correct, I have the acronyms mixed up. 

I had hoped to be on target for the loan forgiveness after 5 years.

So the Teacher Loan Forgiveness program doesn't require a 10yr term direct consolidated loan or specific repayment plans? 
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