Comments on: Student Loan Forgiveness for Private Loans

By: Michael P. Lux, Esq.

Michael P. Lux, Esq. — Thu, 25 Aug 2022 19:56:42 +0000

In reply to Vittal Sitram. It is possible to consolidate FFELP Loans into a federal direct consolidation loan to benefit from the Cares Act Relief.

By: Vittal Sitram

Vittal Sitram — Thu, 25 Aug 2022 18:55:12 +0000

The Federal Student Loans such as Stafford Loans which were guaranteed by the Federal department of education, but due to consolidation some deemed to be owned by private banks/ agencies yet guaranteed by Federal Family Education Loan programs until 2010. The Department of Education is outrageously and unfairly discriminating against the so-called such private loans and denying the Cares Act benefits of 2021-2023 as well as the future cancellation benefits. These loans were Federal Loans. Therefore, all Student Loans are eligible for the Loan Cancellations and Covid 19 Care’s Act Benefits.

By: Michael P. Lux, Esq.

Michael P. Lux, Esq. — Fri, 03 Jun 2022 15:11:45 +0000

In reply to Gloria J Rowe. Hi Gloria. Student loans definitely make things much harder. The price of college has gotten out of control and many are stuck in situations like your grandson.

By: Gloria J Rowe

Gloria J Rowe — Fri, 03 Jun 2022 02:03:40 +0000

This is so unfair. My grandson just graduated wih a BS and has tens of thousands to repay a private loan. With the wages for just graduating students being so low, they will be paying on this debt forever, How are they supposed to support a family with the current inflation. Both have student loans.