Mailbag: Fixing FFEL Issues with Public Service Loan Forgiveness (PSLF)

Michael Lux Student Loan Blog, Student Loan Forgiveness 0 Comments

Though discontinued, FFEL loans continue to cause significant issues for federal student loan borrowers seeking Public Service Loan Forgiveness (PSLF). Federal Family Education Loan (FFEL) program loans not federally held are not eligible for PSLF. However, borrowers can convert them into eligible loans through Federal Direct Consolidation. Unfortunately, this fix …

sherpa explains when federal student loan consolidation is a good idea and when it is a mistake

The Complete Guide to Federal Direct Student Loan Consolidation

Michael Lux Consolidation, Student Loan Blog 0 Comments

Federal direct student loan consolidation isn’t easy to navigate. For some borrowers, consolidation is an essential step to getting their student debt eliminated. For others, federal consolidation would be a major mistake. Determining whether or not consolidation should be done is an essential step in planning a repayment strategy. Generally …