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 …

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Politics, Student Loan Planning and Refinance Strategy

Michael Lux Student Loan Blog 0 Comments

The 2020 presidential race has made student loan planning very difficult for borrowers. Elizabeth Warren and Bernie Sanders are both promising student loan forgiveness. Should borrowers adjust their student loan strategy and refinancing decisions because the student debt might get canceled? Student loans could be forgiven as a result of …

is too much income a problem

Is It Possible to Earn Too Much To Qualify for PSLF?

Michael Lux Student Loan Blog, Student Loan Forgiveness 0 Comments

In this edition of the Student Loan Sherpa Mailbag, we take a look at Steve’s Public Service Loan Forgiveness dilemma. Steve is just a few years away from qualifying for Public Service Loan Forgiveness (PSLF). A big jump in salary, however, has him questioning whether PSLF has an income limit …