Yes, you should rehabilitate your loans and get on an income-based repayment plan again. When on the plan, you might consider filing your taxes married filing separately. You need to talk to a tax professional and see if it makes sense, but if you do, they will only count your income for your loans (which is $0). That will make your payments $0. However, your husband will pay much more in taxes as a result, so it might not be worth it – you have to do the math. Here’s an article about that: IBR and Married Filing Separately.
All loans must be in grace or repayment status and cannot be in default.  Borrower must have graduated or be enrolled in good standing in the final term preceding graduation from an accredited Title IV U.S. school and must be employed, or have an eligible offer of employment.  Parents looking to refinance loans taken out on behalf of a child should refer to for applicable terms and conditions.
Citizens Bank Education Refinance Loan and Education Refinance Loan for Parents Eligibility: For the Citizens Bank Education Refinance Loan and Education Refinance Loan for Parents, primary borrowers must be a U.S. citizen, permanent resident or resident alien with a valid U.S. Social Security Number residing in the United States. Resident aliens must apply with a co-signer who is a U.S. citizen or permanent resident. The co-signer (if applicable) must be a U.S. citizen or permanent resident with a valid U.S. Social Security Number residing in the United States. For applicants who have not reached the age of majority in their state of residence, a co-signer will be required and may not be eligible for co-signer release. For the Citizens Bank Education Refinance Loan, applicants may not be currently enrolled in school and applicants with an Associate’s degree, or with no degree, must have made at least 12 qualifying payments after leaving school. Qualifying payments are the most recent on time and consecutive payments of principal and interest on the loans being refinanced.  Citizens Bank observes the right to modify or discontinue these benefits at any time. Both Education Refinance Loans and Education Refinance Loan for Parents are subject to credit qualification, completion of a loan application/consumer credit agreement, verification of application information, certification of borrower’s student loan amount(s) and highest degree earned or affordability, as applicable. The minimum student loan refinance amount is $10,000. Some federal student loans include unique benefits that the borrower may not receive with a private student loan, some of which we do not offer with the Education Refinance Loan. Borrowers should carefully review their current benefits, especially if they work in public service, are in the military, are currently on or considering income based repayment options or are concerned about a steady source of future income. For more information about federal student loan benefits and federal loan consolidation, visit Resources are available to help the borrower make a decision, including a comparison of federal and private student loan benefits, at

Good Morning Robert, I did an (Obama) forgivness loan agreement with 1(866)359-3821. Currently unemployed and said I qualified for my loans to be consolidated and reduced all the way to $0 for the next 20-30 month with the first 3months being $197.33. Paid thru my checking and already one month in. The wierd thing is I had to Esign the App so they can move forward with the process. I received an email from NelNet saying that they received my App. But I never Esigned the App because I started to become skeptical about the loan. With the info that I just provided you, can your expertise tell me if this is a scam? If so how do I get out of it.

My 25 year old daughter’s student loan from 2011 is in collections. The original loan amount was approximately $7,800.00 and the balance due now is ~ $12,000.00. She is a single mom of one child and earned $13,000.00 last year. They took her 2016 tax refund of $5,000.00 to put towards her loan balance. When she called, they indicated they would accept $5,260.00 to settle and close the loan or she could try to have the loan returned to the Dept. of Education and then determine the best repayment options.
I received my master’s degree in 1998 and have been paying towards my federal loans since (aside from a short period of forebearance). I entered the IBR plan about two years ago. In terms of the loan forgiveness component, do my seventeen years of payments prior to entering IBR count towards the 25-year forgiveness mark, or did that 25-year period only commence with my entrance in the IBR program itself (in which case I would conceivably be paying off my loan over 42 years)?
I have about 325,000 consolidated student loan debt with the fed gov’t once graduated in 2009. I was under the IBR plan but loss of employment and medical bills caused me to go further into debt. I filed Bankruptcy but this did not cover the loans…I have a doctoral degree but have not been able to find anything in my field as a result to make the salary I was previously making. I am working 2 jobs to cover the BK payments plus my normal living expenses. I am wanting to ensure that I am doing everything possible to utilized the forgiveness option at the end of 20-25 years. Any thoughts or recommendations? Am I eligible for PAYE on the 2007??… I never thought I would be in this position and don’t want to be stressed. I have cut my lifestyle down to the bare minimum but it doesn’t seem like I can get ahead…
My 120 qualifying payments could take me 20+ years to eventually make if I let it. With the NHSC program, the requirements are much more specific, rural area, two year commitment, etc. I am interested in potentially applying for the NHSC program as well. I know that the two programs work differently and I am wondering if you know whether or not they could be used simultaneously? Are you aware of whether or not this has this been done before?

Yes it does. I think my wife needs to certify the employment and do more with the PSLF as I think the loan officer that told her about it did not say anything about recertifying… I am hoping she can get certified then and possibly still make it work because she has been at her current public teaching job 9+ years and I hope her digging more into it can get it all certified and her loan taken care of.
1. Student loan collateral is your earnings. So like a car loan, the collateral is the car. If you don’t pay your car loan, the bank takes your car. It’s basically the same things for student loans. That’s why consumer protections like bankruptcy don’t apply. If you ever have the potential to earn money above subsistence level, that money (at least a portion of it) will go towards the debt. Whether you agree or disagree, that’s how it’s setup.
Unfortunately, student loan forgiveness programs tend to leave the parents out in the cold. In fact, there are very few options for any sort of recompense for parents and grandparents (or other cosigners) who helped kids pay for college. I think the Government has taken the viewpoint that the kids are being scammed by shady lenders, but that the adults should have known better.

From 2000-2005, I took out Sallie Mae Parent Plus Loans, to put my son through college. A few years back Navient took over the loan. I have been paying a fixed amount for over 10 years. Did I qualify for any kind of loan forgiveness program? I’m a public school administrator and my son works for the City will leave in. Looks like I have 9 more years to go on this loan. Any advise you can give I would appreciate. Thank you.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
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I have student loans about 28000 and did finish my degree due to the depression and OCD which I had since I was born plus 3 years ago my dad become disable due to the stroke which currently disable and no job. I had to quite my collage and staying with him to help him daily. No degree and no job only had 4100 Last year. What should I do and how can I pay the loan. Is there any forgiven loan program. Any recommendation which can help me please

I am currently on IBR repayment plan and have been now for 2 years. I am in my 5 year of teaching. When do I apply for Public Loan Forgiveness? Is it after I have taught 10 years? What if I take a year off due to having a child, will that affect my 10 years of working for the Public loan forgiveness? Also when would my loans be forgiven? I have tried speaking with rep from fed loan however I feel that I am even more confused than before. What exactly do I need to do to have loans forgiven?
I have $129,000 in debt from school loans. However, I had surgery and almost died during the time I was in school. I got behind on my dissertation and was kicked out of school. My forbearance time is coming up. I am scheduled under federal loans for the income driven repayment. Is there any recourse? My loans are consolidated and up to date right now.
I owe $62,000 in student loans that I consolidated with Fed Loan Servicing. I am currently paying them back and figure I will be paying on them forever. Some of this amount is due to a couple small forbearances. Over half of the amount that I owe is interest. That is the part that hurts. The amount of interest owed. I gladly will pay back the principal amount owed, but the interest is ridiculous and right now my entire payment goes to interest only. Is there any plan that forgives some of the interest owed? Or that would offer a better interest rate? My current rate is 7.25%. Thank you
There is no application fee to consolidate your federal education loans into a Direct Consolidation Loan. You may be contacted by private companies that offer to help you apply for a Direct Consolidation Loan, for a fee. These companies have no affiliation with the U.S. Department of Education (ED) or ED’s consolidation loan servicers. There’s no need to pay anyone for assistance in getting a Direct Consolidation Loan. The application process is easy and free.
Borrower defense to repayment discharge. Borrowers defrauded by their colleges may qualify for debt relief. You’ll need to file a borrower defense to repayment claim with the U.S. Department of Education. If you qualify, you may have your loans automatically discharged, at the discretion of the Education Department, if your school was involved in clear, widespread fraud or misrepresentation that affected a broad group of borrowers.