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I'm sorry, what?!

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I can't really speak to the new policy; the Trump admin has reported that they are introducing new more lenient and forgiving terms for borrowers--but that's mostly for students who consolidated with the Department of Education. If you know about the William D Ford consolidation and your are fearing a potential default due to a lack of funds then you should really look into submitting an application for Direct Loan Consolidation --> https://studentaid.gov/app/viewBRRHTML.action?brrType=plus
and here --> https://studentaid.gov/sites/default/files/Consolidation-en-us.pdf
You'll probably want to figure something out soon as all of your student loams, payment history. aggregate amounts etc. are now reported to all three credit bureaus and comprise a proportional amount of your credit rating.

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Additional Posts in Student Loans

Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

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In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

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Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

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Has anyone refinanced their student loans on h1b visa? Is common bond the only option?

If you could go back in time what would you tell yourself before taking out student loans?

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If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

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SOFI or who else?

I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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