CFPB Urges New York State to Pass Meaningful Consumer Protection Reform
The #CFPB article is available at https://www.consumerfinance.gov/about-us/blog/state-udaap-developments/
A Cool Way to Pay Less for School Loans: Income Driven Repayment Plan!
Hi Friends! Today, we're going to talk about something super important for people who have taken money to go to school. It's like borrowing money to buy a big bag of candy, but instead of candy, it's for learning lots of cool stuff! This money is called a student loan. Sometimes, paying back t...
US Department of Education Punishes MOHELA
The U.S. Department of Education has taken the unusual step of punishing one of the largest federal student loan servicers for failing to send on-time billing statements to 2.5 million borrowers. The department said on Monday that it would withhold $7.2 million in payment owed to the Higher Educ...
New York State Needs Stronger Consumer Protection
New York State Senator Leroy Comrie & Assemblymember Helene Weinstein explain why the legislature must pass the Consumer & Small Business Protection Act #CSPA in the upcoming legislative session. Read more here: https://www.timesunion.com/opinion/article/commentary-new-york-needs-stronger-consume...
Income-Driven Repayment Program Changes Coming
@CNBC's Jennifer Liu tells a great story about how the new income-driven repayment program could change the financial direction of #studentloan borrowers, even if student loan #forgiveness doesn't happen after all. #IDR #studentloanlaywer https://www.cnbc.com/2022/09/04/new-student-loan-plan-...
What PSLF Requirements Remain Unchanged, Even With the Waiver
Even with the PSLF Waiver in effect until October 31, 2022, student loan borrowers seeking to qualify for Public Student Loan Forgiveness (PSLF) must satisfy certain requirements.
Which PSLF Requirements Are Waived Until October 31, 2022
Here's what's changed and what's unchanged about the Public Service Loan Forgiveness (PSLF) program as of October 6, 2021.
Requirements to Receive Additional Qualifying Payments Toward PSLF
Full-time Employment You must have worked full time for a qualifying employer during the calendar month you were also in repayment on your loan. You can receive credit only for periods of repayment after October 1, 2007, when the PSLF Program began. If you haven't done so already, you must file ...
Time-limited Rules for Qualifying PSLF Payments
New, Temporary Rules to Qualify for Additional PSLF Payments
Key Points: PSLF Summary of Changes
For a limited time (October 31, 2022), you may receive credit for past repayment periods on student loans that would otherwise not qualify for PSLF. If you have FFEL Program loans, Federal Perkins Loans, or other federal student loans, you must consolidate your loans into a Direct Consolidation ...
Russell Dombrow Named a Pro Bono Champion
The Volunteer Lawyers Project of Onondaga County named Russell Dombrow of the Dombrow Law Firm a 2020 Pro Bono Champion for his support of the CLARO Legal Clinic. The CLARO Legal Clinic advises debtors on automotive, consumer, debt, and medical cases. Russell immediately responded to the call f...