Student Loans

Student Loans Texas – Public Service Loan Forgiveness (PSLF): How to qualify for student loan forgiveness #studentloan

student-loans-texas-public-service-loan-forgiveness-pslf-how-to-qualify-for-student-loan-forgiveness-studentloan

Student Loans Texas – Highest Rated?

Public Service Loan Forgiveness (PSLF): How to qualify for student loan forgiveness
#studentloandebt #studentloans #pslf #debt #debtrelief

**Make sure you like the video and subscribe to the channel and hit notification bell to see future content*

LaRita breaks down the requirements of the PSLF and tells you how you can be free of your student loan debt in 10 years max! The student loan debt crisis is a hot topic and many people are trying to find ways to address it. LaRita talks about the ways you can get rid of your student loan debt by following all of the requirements set by the program. Also, make sure you pay attention as the Department of Education has changed who they contract with for servicers of loans. Your servicer may change, but make sure you keep record of payments in case records lost! Also, check out studentaid.gov for ways to consolidate your non qualifying loans into a qualifying federal loan. Consolidate right away so that you don’t miss out on qualifying payments!

Resources:
Public Service Loan Forgiveness
https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service

Special Programs under Fedloan
https://myfedloan.org/borrowers/special-programs/

Bleak new stats for PSLF
https://www.forbes.com/sites/adamminsky/2020/05/26/bleak-new-stats-for-public-service-loan-forgiveness—and-a-potential-fix/#2b4fefc74d13

Consumer Financial Protection Bureau
https://www.consumerfinance.gov/practitioner-resources/students/loan-forgiveness/

CFPB sues Navient
https://www.consumerfinance.gov/about-us/newsroom/cfpb-sues-nations-largest-student-loan-company-navient-failing-borrowers-every-stage-repayment/

Joe Biden and Bernie Sanders: Free College, Student Loan Forgiveness and Crack down on For-Profit Colleges
https://www.forbes.com/sites/wesleywhistle/2020/07/08/biden-sanders-unity-task-force-free-college-student-debt-forgiveness-and-crack-down-on-for-profit-colleges/#64b0754e111a

Reasons why you could denied a federal loan
https://www.foxbusiness.com/money/denied-federal-student-loan-reasons-why

Check out other videos from TXC Tells All:

CARES Act forbearance
https://youtu.be/vlPxM7OPdJA

FICO score changes and how it impacts you
https://youtu.be/xJ6bOSrNnW4

5 Common Legal Mistakes Small Business Owners Make
https://youtu.be/7iH0n-bx58U

How to start a business while working fulltime
https://youtu.be/ynZMdliXC7g

Tags: public service loan forgiveness, pslf, how to get rid of student loan debt, student loan debt, student loan forgiveness, navient, fannie mae, fedloan, erase student loan debt, bernie Sanders student loan debt, joe Biden student loan forgiveness, no bankruptcy for student loan debt, federal direct loans, how to pay back student loans, student loan forgiveness, cares act student loan forgiveness, student loans, can I defer my student loans, financial aid, student loan refinancing. 5 student loan changes for 2021

Thanks for watching the Student Loans Texas video!

Watch the Student Loans Texas video on Youtube

35 Comments
Share

35 Comments

  1. TXC Tells All
    July 24, 2021 at 2:24 pm

    Make sure you listen to ALL the requirements! I have had many people ask me about the program and they are spreading misinformation. Don't miss out for failure to follow the guidelines.

  2. Valecia Cave
    July 24, 2021 at 2:24 pm

    I need sallie mae private loan info not federal

  3. Vv Foxy
    July 24, 2021 at 2:24 pm

    062721 So. you will know Trump was blocking this program. For private loans & even federal loans. HeavenLee Justice

  4. Ms. H
    July 24, 2021 at 2:24 pm

    They don't tell you that they make excuses not to forgive you.

  5. Tiffany Feldman
    July 24, 2021 at 2:24 pm

    Fed Loan’s claim they never got my documentation though I faxed it emailed it almost mailed it in snail mail so I could track it I’ve got a couple open dispute against the servicer

  6. Tiffany Feldman
    July 24, 2021 at 2:24 pm

    My biggest regret is getting my masters in wasting five years at a bank because I could’ve been in a non-for profit been making minimum payments had a reduced compound interest and then debt-free seven years ago instead I’m still paying

  7. Tiffany Feldman
    July 24, 2021 at 2:24 pm

    I was in that program for a year never missed a payment and I only applied for the payments toward the program any extra payments before that was going toward future interest Fed Loan’s is the worst company ever so we just decided to pay it off in less than 10 years we got about two more years to go

  8. Christal Brown
    July 24, 2021 at 2:24 pm

    Thank you for this information! Great to know!! Very helpful indeed🤗🤔😀

  9. Anne H
    July 24, 2021 at 2:24 pm

    Wait a minute, you come and want a loan to invest in your future, then we get to the future, and now you're scraping for ways to get out of paying it back? You evaluated your future circumstances and vouched you would pay it back, but now we need to let you skate? You knew exactly where it was headed yet you persisted. Ha! Consumer protection such that now you've consumed, you don't want to produce? Some advice for the future; keep digging up politicians that will say and do anything just to get your vote. Good luck with this country. Don't worry about me, at 70, I wont be around.

  10. Tierra viento
    July 24, 2021 at 2:24 pm

    Just found my new favorite channel

  11. A L
    July 24, 2021 at 2:24 pm

    If you make larger payments do they count towards extra payments… ie if your payments were $100 and you paid $200 does that count as 2 payments?

  12. McCall
    July 24, 2021 at 2:24 pm

    The balance of the Public Service Loan Forgiveness (PSLF) is not taxed after the 120 payments. Also, Biden just ablated the tax on the 20 year and 25 year payments, as well.

  13. Diamond & pearl
    July 24, 2021 at 2:24 pm

    What if you can not pay it off and you on a fix income have you heard of student loan hero program

  14. CM Drew
    July 24, 2021 at 2:24 pm

    Found out late but i an in now—

  15. JERRI LHEUREUX
    July 24, 2021 at 2:24 pm

    I went to community college and left and married pregnant…ling story short, I'm on SSI ….IM in another state for 10 yrs ….Oh this loan was in the 1970's… I am 62 now….How do I find out what I owe? I remember like 2,000$….and a second one for ? (Around the same area…)I'm not good on computers my disability affected my memory too …thank you for your service to help people.

  16. Mack Bowie
    July 24, 2021 at 2:24 pm

    How did you change your student loans from private back to public? I thought you'd discuss how to do that. You touched on it break it down.

  17. Tiara Raymond
    July 24, 2021 at 2:24 pm

    I'm contracted to work for a non profit agency. Does this count or do you need to be fully employed.

  18. b
    July 24, 2021 at 2:24 pm

    Thank you for this video! But I do have a question… do you know people who have successfully had their loans forgiven?

  19. Corie Daniel
    July 24, 2021 at 2:24 pm

    How does student loan forgiveness work if you are recently disabled? asking for a friend.

  20. West Kingsley
    July 24, 2021 at 2:24 pm

    i was down and had no hope of paying the loan i took until i started trading the forex market with the help of a mentor!

  21. Javier Castellanos
    July 24, 2021 at 2:24 pm

    I have been working for non for profit hospital for 3 years. If I apply now, would they apply those worked years into the equation?

  22. Home Here
    July 24, 2021 at 2:24 pm

    I don’t want it gone in 10 years. I want it gone now girl! C’mon with the good girls!!! I’m a new NP and have a mountain of government student loan debt!

  23. AstroSpirit
    July 24, 2021 at 2:24 pm

    who do you submit your paperwork to?

  24. Kathy Barthold
    July 24, 2021 at 2:24 pm

    What if a school is deemed fraudulent, will the loans no matter if it’s federal or not, would that be forgiven?

  25. Motorcycle Michael
    July 24, 2021 at 2:24 pm

    I work in the public service field, yet I do not qualify to have my federal student loans forgiven because I am on the extended repayment plan, (20 yrs) in order to afford the monthly payments. Screwed yet again 😞

  26. sarah krick
    July 24, 2021 at 2:24 pm

    Good job. Thanks

  27. Cat
    July 24, 2021 at 2:24 pm

    A plfp form is not available. We are to resume these payments in 6 weeks and can’t submit forms. It takes over a month to have them approved

  28. Khash Yousef
    July 24, 2021 at 2:24 pm

    I fear that I'd be rejected from this program like the other 33000 people. Only less than 1% actually got approved, even though most qualified.

  29. ParabellumChambered
    July 24, 2021 at 2:24 pm

    Great video. You are incorrect on the tax imprecations, however. The forgiveness is NOT counted as taxable income. It is FORGIVEN forgiven.

  30. Lydia Duffy
    July 24, 2021 at 2:24 pm

    I have a job interview with a foster agency as a social worker. Do you think I will qualify? Trying to decide if I want to take the job if offered.

  31. April_Spring2015
    July 24, 2021 at 2:24 pm

    Hi, Just wanted to alert you to the fact that PSLF does not tax you for the student loans forgiven. Here is the information:

    "Are loan amounts forgiven under PSLF considered taxable by the IRS? No. According to the Internal Revenue Service (IRS), student loan amounts forgiven under PSLF aren’t considered income for tax purposes." https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service/questions
    Note however that this is not the case for most of the other loan forgiveness programs. PSLF is truly remarkable in that once the amount is forgiven, you are free and clear!

  32. pm megan
    July 24, 2021 at 2:24 pm

    I am so desperate I will vote for trump if he forgives Federal and Private loans

  33. Good Morning Mrs. Robinson
    July 24, 2021 at 2:24 pm

    I really need to sign up for this! I heard of it a while of ago, but I keep forgetting and procrastinating. I didn't know about it having to be a federal direct loan part though. I am going to try to get this paperwork in by the end of the summer. Thank you for this video! Very helpful and informational as usual 🙂

  34. Personal Finance
    July 24, 2021 at 2:24 pm

    Your right! Tuition is inflated. Hopefully, we can come up with a solution that is sustainable long term! That way less students would go into massive student loan debt every year!

  35. Newark to NY Oasis
    July 24, 2021 at 2:24 pm

    Great information!