Under the new provisions allowing a Debtor to attest to an undue hardship, a consolidation pre-filing would be viewed as evidence of good faith – this is the box that may be checked:

• engaging meaningfully with a third party they believed would assist them in managing their student loan debt.

Also, there could be problems…

We are seeing forgiveness every week, more likely every day, now, but many are still waiting…
Interestingly, the huge spending bill being discussed by Congress right now does not include anything additional to Federal Student Aid.
What does this mean?  Well, the FSA has to modernize its National Student Loan Database System to make it…

This is not recommended as bedtime reading, but sometimes it does help to go right to the source when trying to figure out what the new rules are and how they may apply to your loans.  The Final Regulations go into effect July 2023 and can be found here:  https://www.federalregister.gov/documents/2022/11/01/2022-23447/institutional-eligibility-under-the-higher-education-act-of-1965-as-amended-student-assistance
 
One big answer…

Here’s a news clip on this topic that ran yesterday:  https://www.youtube.com/watch?v=77xsEU7rFM0
It’s a good short 2 minute summary of what this means and well worth a listen!  I haven’t seen this in the news much and we really need to get the word out because in my 30 years of practice, I see this as…

When is it time to ignore calls versus doing something about them?
If you are being harassed or threatened collection actions on old debt, there are many things to consider.  First, a legitimate collector is required to send you something in writing within five days of the initial contact under the FDCPA.  That’s sort of…

Federal student loan paused again till June 30, 2023 or until 60 days after a final disposition of the lawsuits that are currently blocking student debt relief — whichever is sooner.
 
Working on a bankruptcy summary now — lots of new tools to add to our toolbox to help end student loan debt!
The…

While it took longer than I and many other consumer advocates thought, the house of cards is starting to slip finally.  Many mortgage companies did not fully disclose exactly what would be required once the CARES Act expired and mortgage payments would resume.  I’m sure many homeowners have claims out there but don’t realize it. …