Comments on: Student Loan Tips for August 2023

By: Michael P. Lux, Esq.

Michael P. Lux, Esq. — Tue, 10 Jan 2023 15:11:28 +0000

In reply to Michelle Jackson. Hi Michelle, There are definitely resources available for people in your situation. For starters, I'd suggest reading up on the differences between federally-held and privately-held federal loans. Next, a common solution is federal direct consolidation. This will convert the debt into a federal direct loan, but there is a lot to understand about the process. Finally, if you are interested in chasing income-driven forgiveness, there is a one-time count update with an important deadline that might be important for you.

By: Michelle Jackson

Michelle Jackson — Tue, 10 Jan 2023 01:00:16 +0000

What is one to do who had Subsidized and Non-Subsidized Stafford Loans, which were federal loans that were bought by a private lender like Navient and told they don’t qualify for Biden’s one time payment debt-relief program? Navient said my loans are considered privately held loans, but backed by the federal government, however, they don’t qualify for any programs. There has to be something for borrowers like me.

By: Michael P. Lux, Esq.

Michael P. Lux, Esq. — Wed, 26 Jan 2022 20:22:32 +0000

In reply to Rena Scott. I have never heard of Milano, and they are not a federal student loan servicer. This article on tracking down your federal loans and servicer contact information may help.

By: Rena Scott

Rena Scott — Wed, 26 Jan 2022 19:00:14 +0000

What company will be the serving agency now? I received a letter in the mail informing me to contact them before the 30th of January 2022. The company is Milano. What should I do? Is this an legit company representing the U.S. Education Department?

By: Gregory Allen

Gregory Allen — Fri, 19 Feb 2021 11:15:16 +0000

I’ve read some of the articles from this blog and would like to express my appreciation and respect to its’ authors and contributors. It is crucial to inform students about student loans and the associated debt. I believe that the majority of students didn’t understand what they are getting into when borrowing for the dream degree. In this sense the informative sources like this one are priceless.

In my opinion, the system needs to be revised since young people are risking their financial future.