Hear details (and ease your concerns) about a very misleading letter coming from MOHELA, as well as the consequences of failing to recertify income for IDR plans. EPISODE RESOURCES Sample letter from MOHELA IDR Failure to Recertify Consequences And if you haven't already, join our email list at escapestudentloandebt.com !...
An update to last week's emergency episode on The SAVE plan! EPISODE RESOURCES Contact the Student Loan Ombudsman SAVE Plan Emergency Episode CNN Article Sign up for Student Loan Updates...
Tune in for an emergency student loan update on the SAVE plan and the pending end of the IDR Waiver and Pay As You Earn payment plan! EPISODE RESOURCES Direct Consolidation Application https://studentaid.gov/loan-consolidation/ When PAYE Beats SAVE https://podcasts.apple.com/us/podcast/when-pay-as-you-earn-beats-the-save-plan/id1641942083?i=1000644748013 And if you haven't already, join our email list at escapestudentloandebt.com!...
Can private student loans be forgiven? PLUS Musical chairs for the federal student loan servicers and more! EPISODE RESOURCES Navient Private Loan Forgiveness Application https://static1.squarespace.com/static/62d6e418e8d8517940207135/t/664e4ce0340ea96a0aa70c72/1716407521054/Navient+School+Misconduct+Application.pdf MOHELA Account Transfer Details https://blog.ed.gov/2024/04/update-for-mohela-student-loan-borrowers/ 01:03 Private Student Loan Forgiveness Program 04:38 Navient's Transition to Moj...
In this episode of Escape Student Loan Debt Podcast, host Brenton Harrison discusses how federal and private student loans affect your ability to buy a home. He covers key components like credit scores and debt-to-income ratios, the differences between FICO and Vantage scores, and how student loans can influence these factors. Additionally, Brenton explains how different types of mortgages handle student loan payments, including Fannie Mae, Freddie Mac, FHA, VA, and USDA loans. The episode offer...
Tune in as we cover details of the latest extension of the IDR Waiver, and share why July 1st is an important day to be aware of for federal borrowers! EPISODE RESOURCES IDR Waiver Extension Announcement How Does The IDR Waiver Work? When PAYE Beats The SAVE Plan And if you haven't already, sign up for our email list at escapestudentloandebt.com!...
Does having student loans change your insurance needs? Tune in and find out. And if you haven't already, sign up for our email list at escapestudentloandebt.com !
Dig into the details of the latest Biden Loan Forgiveness Plan EPISODE RESOURCES https://www.ed.gov/news/press-releases/biden-harris-administration-announces-new-plans-deliver-debt-relief-tens-millions-americans And if you haven't already, sign up for our email list at escapestudentloandebt.com !...
Tune in as we cover 4 upcoming dates that are crucial for federal student loan borrowers EPISODE RESOURCES When PAYE beats the SAVE plan https://open.spotify.com/episode/3LXvu3QXfMZIwgN06JiwlR?si=bjqJ_eUgSCyDrYkRldm0QQ The SAVE Plan Part 1 and Part 2 https://open.spotify.com/episode/3U64z5PsRtJv9te2WXJjTA?si=H30Q6D9SQXC72ie5ao6Vcg https://open.spotify.com/episode/2OLHHNRTg6s1JK3b1PpT0F?si=SaQnVS2VSsiXhmR2p4OPrw Contact the Student Loan Ombudsman https://fsapartners.ed.gov/help-center/fsa-custome...
Tune in for student loan tips and tricks from Robert Farrington of The College Investor! EPISODE RESOURCES Contact the Student Loan Ombudsman The College Investor
Tune in as we cover how your spouse's income can help or hurt your student loan strategy! EPISODE RESOURCES Student Loan Payment Scenarios And if you haven't already, subscribe to our newsletter at escapestudentloandebt.com !...
In this episode, we cover the impact of refinancing student loans with private lenders, and how you can know whether it's worth doing more than once. EPISODE RESOURCES SoFi Refinance Calculator And if you haven't already, join our email list at escapestudentloandebt.com!
In this episode, we cover scenarios where the Pay As You Earn plan is the better option than the SAVE plan, even if it means paying more each month. EPISODE RESOURCES Repayment Scenarios And if you haven't already, sign up for our email newsletter on student loan repayment tips at escapestudentloandebt.com!
In this episode we talk about scenarios where it makes more sense to pay off your student loans as opposed to aiming for forgiveness. EPISODE RESOURCES Repayment Scenarios And if you haven't already, sign up for our email list at escapestudentloandebt.com!
For a brief period of time, the government let couples take out the dumbest student loans of all time ... spousal consolidation loans. In this episode we talk about the hell these loans caused, what they are and aren't eligible for in terms of forgiveness, and how to get rid of them once and for all. EPISODE RESOURCES Joint Consolidation Separation Act PSLF for Consolidated Loans How to contact the Ombudsman And if you haven't already, join our email list at escapestudentloandebt.com!...
The IDR Waiver has been extended! In this episode we cover why certain borrowers should consolidate ... even if they DON'T have to. EPISODE RESOURCES Waiver Extension Details And if you haven't already, join our email list at escapestudentloandebt.com!
In this episode, we give tips for how cosigners can get their name removed from private student loans, AND how parents can refinance Parent PLUS loans into the name of their child. EPISODE RESOURCES Parent PLUS Refinancing Lenders Lenders with Cosigner Release And if you haven't already, join our email list at escapestudentloandebt.com !...
Join us as we share some end of the year tips to maximize your federal student loans! And if you haven't already, join our email list at escapestudenloandebt.com !
In this episode we walk you step by step through using a paper Direct Consolidation Loan application to pursue the Double Consolidation loophole for Parent Plus loans. Using this loophole before it expires in July of 2025 can turn Parent Plus Loans, which are only eligible for one Income Driven Repayment plan - the Income Contingent Repayment plan - into a Direct Consolidation loan that is eligible for any repayment plan. EPISODE RESOURCES Direct Consolidation Loan Application Income Driven Repa...
Check out our breakdown of the Parent Plus Double Consolidation loophole that could offer huge relief to borrowers struggling with this type of student loan debt. EPISODE RESOURCES Direct Consolidation Loan Application Parent PLUS Consolidation deadlines Double Consolidation Article YouTube video And if you haven't already, join our email list at escapestudentloandebt.com !...
Tune in as we cover the dangers of Parent PLUS Loans, and a limited opportunity these borrowers have to get out of harm's way! And if you haven't already, join our email list at escapestudentloandebt.com !
In part 2 of our series on the SAVE payment plan, we cover reaasons why you WOULDN'T choose the plan. EPISODE RESOURCES SAVE Plan Timeline of Changes And if you haven't already, sign up for our email list at escapestudentloandebt.com!
In this episode, we cover some of the immediate changes available through the Saving on A Valuable Education (SAVE) plan, as well as some changes due to be launched in 2024. EPISODE RESOURCES SAVE Plan Timeline of Changes And if you haven't already, sign up for our email list at escapestudentloandebt.com!
Check out Session 1 of our live course, STUDENT LOANS BACK! WHAT NOW?! Registrants get lifetime access to the recordings, along with downloadables and resources to help with their loans. Check out the link below to purchase the course, and use the discount code 3LEFT for 25% off through Friday, September 22nd! COURSE REGISTRATION PAGE DISCOUNT CODE: 3LEFT (25% OFF)...
What happens if you can't (or won't) make your student loan payments in October? PLUS! Sign up for our LIVE Course, 'Student Loans Back! What Now?' SIGN UP FOR THE COURSE! EPISODE RESOURCES On-ramp program details Student Loan Delinquency and Default And if you haven't already, join our email list at escapestudentloandebt.com...
While over 800,000 people just got word their student loans are being forgiven, thousands more are staring at forgiveness credits that haven't changed the way they'd hoped. In this episode, we cover why we're experiencing these delays, and when you can expect things to change. EPISODE RESOURCES Sample Credit Update Letter IDR Update Timeline And if you haven't already, join our email list at escapestudentloandebt.com . We've got some big updates coming soon!...
Private student loans don't have anywhere near the flexibility offered by federal loans. So it begs the question ... why would anyone refinance? In this episode, we tell you why. EPISODE RESOURCES Private Student Loan Offers Current Federal Loan Rates Check it out! And if you haven't already, join our email list at escapestudentloandebt.com!...
In this episode, we compare federal student loans to what you'd find by refinancing with a private lender. Check it out! And if you haven't already, join our email list at escapestudentloandebt.com!
Federal student loan interest is about to kick in for the first time in 3 years. In this episode, we tell you how interest on student loans works in the first place. Tune in ... EPISODE RESOURCES Interest Capitalization The SAVE Plan And if you haven't already, join our email list at escapestudentloandebt.com!...
The Supreme Court just struck down the Biden Student Loan Forgiveness Program! In this episode, we talk about why the rationale used to cancel the program is a key indicator of what's next for student loans, and how it impacts your student loan journey. Sign up for more updates at escapestudentloandebt.com!
