Can you feel it? For the first time, federal student loan forgiveness looks like a real possibility. President Biden asked his Secretary of Education, Miguel Cardona, to prepare a memo on the President’s legal authority to cancel student loan debt. On this surface, the Biden asking for a memo is hardly …
The Federal Government Should Cancel These Student Loans Right Now
As the debate on student loan forgiveness for all rages on, there is one subset of federal student loan borrowers who deserve immediate debt cancellation. Income-driven repayment plans have existed for over 25 years now. As most borrowers know, if you make payments on an IDR plan for 20 or …
Scam or Legit: Student Loan Forgiveness, Consolidation and Special Programs
Identifying and avoiding student loan scams is challenging. I routinely see advertisements for student loan forgiveness, consolidation, and other special programs. As a lawyer who has advocated for borrowers for nearly a decade, I sometimes struggle to determine what services are legitimate and what is a scam. It is easy …
Was Biden’s Decision Not to Forgive Student Loans Good for Borrowers?
I hated hearing Joe Biden say that it was unlikely he would forgive student loans via an executive order. I’m trying to convince myself that this decision was for the best. Staying positive about this decision is a struggle. Biden is Providing Consistent Predictable Leadership While I was disappointed to …
Student Loan Predictions now that Joe Biden is President
Life for student loan borrowers could be dramatically different now that Joe Biden has been sworn in as President. Predicting what might change and what will stay the same requires a bit of guesswork, but other predictions come with a high degree of confidence. As a candidate, Joe Biden released …