Student Loan Repair Center

10/14/2022

The loan 10-20K cancellation keeps getting delayed, and even changed. At first the application was to be available early October. This has now been delayed for the 2nd time to October 24, 20022. Furthermore, borrowers who have not consolidated their older FFEL loans or Pell Grants by 9/29/22, they are not eligible. FFEL loans were technically private loans issues before around 2006. Why so many issues? Pending lawsuits.

I've been saying since this was announced to not get too giddy about this. The (one of many) lawsuits under review now in a federal court. No matter what is ruled both sides vow to appeal to the federal circuit court level. From there is the Supreme Court. My guess is more delays, and quite frankly I would not be surprised this whole thing gets blocked entirely.

Ask yourself this question on a similar matter. Can a president by executive order cancel 10K of backtax debts owed to the government with the stroke of his/her pen? Would that be fair to taxpayers who JUST paid off their backtax debt, or future taxpayers who may owe backtax debt? This is the problem. It's called the 14th Amendment's "equal protection clause". Google it and see how this applies. Ultimately I think it comes down to this.

Fortunately they're already programs in place that cancel student loan debt.

09/13/2022

The approval of the recent 10K in student loan forgiveness is starting to raise a few questions. Here are some Q & A's that may be helpful to you.

* How to I apply? A: The Dept of Ed is planning on having the paperwork in place to apply for the forgiveness in early/mid
October. This application will be done through the FSA login at studentaid.gov.

* Do I qualify for 10K or 20K? A: The 20K in forgiveness applies to borrowers who have had Pell grants converted to student loans. Otherwise you are a candidate for the 10K in forgiveness based on income.

* Is there a chance this does not happen? A: Actually yes. This was done via executive order. Many executive orders have been reversed just in the past 10 years. The Arizona Attorney General is planning a law suit to challenge the legality of this exective order, as well as others. This could delay or cancel the entire plan.

* Will they extend the payment pause? A: The payment pause has been extended to 12/31/22. It has been announced by the Biden administration and the Dept of Ed this is the FINAL payment pause.

* What are the advantages of the Covid Waivers? A: Basically, the credit the DOE gives your towards your loans is the most attractive part of this. This credit is based on your loan types and payment plans you have participated in since 2007. The waivers are very liberal on these credits. We highly recommend you take advantage of these waivers. They expire October 31, however the paperwork must be properly done and approved by this time. We recommend you start applying for this now

Conclusion: If you have more than 10K in student loan debt, it would be wise to prepare for loan repayment now. If you miss enrolling in these programs properly before October 31, 2022 you will miss out on the waivers. This could cost you thousands of dollars and YEARS of time you have to participate in repayment. We highly recommend a loan evaluation to check the impact of these waivers, and act accordingly.

You can check your waiver impact on your loans here:

https://loanrepaircenter.com/apply

You can always call me direct with questions at 912-349-6380.

Questions? 877-822-6332 After we receive your request, we’ll evaluate your loan scenario for final approval into student loan forgiveness. IMPORTANT TO KNOW. We Evaluate the following: What type of forgiveness program you’re eligible for. Can we split your income from your spouse to lower your q...

08/24/2022

I want to post this before the "big" announcement today. The rumor is 10K of forgiveness for borrowers making under 125K and another extension of the payment pause for another 4 months.

Be careful here. Executive orders DO get overturned. For example, President Obama had 13 EO's overturned. Yes, the optics of this politically is good for some, however my gut feeling and prediction is we move past the election and THEN this gets legally challenged because of the 14th amendment's equal protection clause. Why? Because it's not fair to past and future borrowers. This may happen sooner. We'll see.

To elaborate, the IRS and the Dept of Ed are actually electronically linked. This has been the case for over a decade (since I have been in business anyway). The forgiveness will happen automagically on qualified borrower's loan balances just before the election due to this (betcha). That's about 16 million voters! Just throwing that out there!

Regardless it's mission accomplished if this legal challenge occurs after the election. The optics have been made and the political benefits would have been attained. Even after today's announcement I wouldn't get too giddy about the 10K in forgiveness. It may not happen as this all washes out legally.

Furthermore, if you have the US average of 40K in debt, you still have a 30K student loan problem. I can help you. A+ Accredited BBB. 11 years in business. Call me. 912-349-6380. Clint Goodwin

08/10/2022

Student Loan Forgiveness and the Media (my opinion)

There is a lot of confusion right now regarding student loan forgiveness. You have the politics versus reality. With 11 years in this industry, I can tell you as I read many media outlets on this topic, I am convinced there is more "ulterior motive" reporting than reporting what needs to be talked about and discussed. Just know that in reporting this topic, the media gets thousands of clicks to their articles (good for their advertisers), and many opportunities to get you to pay them for their subscriptions. The politicians, of course, score big as well.

So, we read and here constantly about the some in power in Washington seriously considering 10K of loan cancellation for borrowers. Ask yourself this question. With all of the stimulus bills either being passed or proposed over the past years, with all of the trillions of dollars spent by simply writing checks to the citizens, why hasn't student loan cancellation been part of ANY of this?

Answer: Remember, 84% of taxpayers do not have student loans.
The truth is that taxpayers lent student loan borrowers money with a promissory note to pay THEM back. Some borrowers paid this money back, some are in the process or paying this back, and others are borrowing right now to at some point start paying this back in the future. Per the 14th amendment of the US Constitution's equal protection clause, the government cannot play favor to any group of citizens who are all in the same set of circumstance. Therefor, today's borrowers cannot be favored because they happen to be at the right place at the right time per the political convenience of politicians in power. The 14th amendment (the law) is the protection of the citizens who do not have student loan debt, the citizens who paid off their debt, and the citizens who will be liable for future debts. You never hear discussed in the media or on political podiums because it squashes their political talking points and the media's opportunity to get clicks to articles to sell ads and subscriptions.

As for executive order to cancel debt by any president. No matter your political leanings, the president cannot cancel $300-400 billion in student loan debt owed to taxpayers no more than he could cancel back tax debt, or build a 30 billion dollar border wall. If he could, why hasn't he?

For any major changes to occur in the student loan system, Congress must pass a law to make those changes. Congress, per the US Constitution, control the purse strings. Anything else will face legal challenges as overreach in my opinion.

I know this may be a little harsh to read compared to what you may be hearing. My guess is they extend the payment pause again simply because this is really all anyone has the power to do at this point. This will maybe satisfy the political side. However, this does NOT do anything about your student loan debt. Your debt is not going away most likely. Know the payment pauses actually creates some opportunities for a lot of borrowers per the 2020 CARES Act and waivers put in place. My recommendation is to look into these things as they may save you some serious money now and down the road.

As the owner of the oldest company, and only accredited A+ Rated BBB company in this industry, I will personally give you the most honest assessment of your loan scenario.

07/09/2021

Job Summary

We are the nation’s only accredited and A+ BBB rated company in our industry. We have been in business for over 10 years based in Savannah, Ga. We are seeking professional, disciplined and independently minded consultants who can analyze, ascertain, assess, and discuss intelligently with student loan borrowers their repayment options.

Responsibilities and Duties

We market our services nationwide through the major search engines (Google, Bing, Yahoo and others). 100% of your consulting will be done over the phone with federal student loan borrowers nationwide. You will work virtually from your home office. You must work fresh leads provided throughout the workday from borrowers specifically seeking our services. Leads come to us one of 3 ways which must be worked effectively:

1. Form fills from our website (requesting a phone call).
2. Appointment (by phone) requests from our website.
3. Chat requests from our website.
4. Inbound phone calls from our website.
5. You will be required to call unreached call requests via auto-dialer from the past 120 days.

Qualifications and Skills

You must be able to fully understand our product, internalize what we do and have a conversation about how to help student loan borrowers. Our company prides itself on helping people with their student loan issues, and our reputation is paramount. We are NOT seeking (scripted) sales people. We are seeking someone who can analyze a scenario and speak intelligently about student loan repayment options with professional recommendations. A summary of skill set is as follows:

1. Be friendly and knowledgeable over the phone.
2. Disciplined to work from home and be productive.
3. Possess the phone skills of a consultant, and NOT a sales person.
4. Have a reliable technological working environment (quality computer and phone)

Compensation

This is a 1099 position with a $500 weekly draw on commissions the first month. Each new client pays out a $150 commission. We expect at least 2 new clients per day. 3-4 new clients per day is the eventual (well-trained) goal. An increase is commissions and bonuses are available after the first 3 month review. 50K+ potential is realistically attained.

Email resumes only. We will review and request a phone interview first with qualified candidates, then proceed with face to face interviews.

09/22/2020

A quick word on consolidating and Parent Plus loans. In 99% of the cases, it is NOT recommended you consolidated these loans with your REGULAR loans in your name (not Parent Plus). We've seen many people make this mistake before we get the file.

The issue this causes is that it takes away many repayment options/programs available. In fact, this mistake could cost the borrower tens of thousands in potential loan forgiveness.

I hope this helps. Clint 912-349-6380