Disabled Veterans Delayed From Student Debt Relief by Department of Education

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In this Article:

Introduction

Student Loan Forgiveness for Veterans has Been Delayed

Miami’s Veteran Student Loan Forgiveness Attorney

Ongoing controversy in the Trump Administration has found yet another problem. The Department of Education (DOE) and the Consumer Financial Protection Bureau (CFPB) are being criticized for no longer fulfilling their obligation to oversee student loan forgiveness agencies and programs.

The Public Service Loan Forgiveness Program, especially, has seen a halt in accepted applicants. The program has turned away an estimated 99% of applications with an excuse of “ineligibility.” They are currently facing a class action lawsuit from several student debt nonprofits for their negligence, as well as misleading borrowers towards incorrect programs/repayment plans.

Student Loan Forgiveness for Veterans has Been Delayed

A group of people eligible for the public service loan forgiveness program are veterans who should immediately find themselves accepted into the program (if not a majority), yet they are turned away as well. This is in direct conflict with Trump’s promise to eliminate student loan debt for all permanently disabled veterans, who now find themselves still stuck with debt.

Mike Pence, on November 11th, announced that more than 25,000 veterans had their student loans wiped out, when in reality, only 3,300 veterans have received loan discharges. An estimated 24,000 disabled veterans automatically qualify for loan forgiveness under this policy by Trump, yet find themselves still waiting.

Miami’s Veteran Student Loan Forgiveness Attorney

If you’re facing insurmountable student loan debt, you need help navigating the complicated bankruptcy laws. At the Law Office of Michelle Labayen, LLC, you will get the best advice from Michelle’s 16 years of experience.
Get your debt issues solved so you can get a fresh start. Call Michelle now at (973) 622-1584, or contact her online.
Michelle Labayen

Michelle Labayen

Michelle Labayen has been practicing Consumer and Bankruptcy law for more than 16 years. She is a member of the National Association of Consumer Bankruptcy Attorneys (NACBA), and the National Association of Consumer Attorneys ( NACA).

In addition, she is a Max Gardner Bootcamp graduate. Extensive experience has given Michelle a thorough understanding of bankruptcy, including:

  • Chapter 7
  • Chapter 13
  • Adversary Proceedings
  • Litigation under the Fair Credit Reporting Act
  • Litigation under the Fair Debt Collection Practice Act
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Over 200,000 student loan debt cases await decision by Department of Education

The Department of Education denied 18,000 claims from students claiming wrongdoing by their school, including 7,000 claims filed by Corinthian College students. The DOE has yet to inform these students of the denial amid scrutiny against the Trump administration. This, even though courts ruled Corinthian College misled students and needed to relieve them of their student loan debt.

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Navient Sued for Purposefully Increasing Student’s Loan Debt using Interest Rates

A memo released from inside Navient shows that borrowers are rigged into forbearance so a greater amount of interest can grow on the debt. This came out during the ongoing lawsuit between the Consumer Financial Protection Bureau (CFPB) against Navient for allegations that Navient purposely encouraged student borrowers towards options ill suited for their financial situation

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Contact Michelle, today, and get on the path to financial freedom.

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The Law Office of Michelle Labayen, LLC Can Help With The Bankruptcy Process

Anyone can qualify to file for bankruptcy. There isn’t an exact amount of debt or financial difficulty required. You don’t have to show insolvency or meet a certain standard.

You should always speak with a lawyer before beginning the bankruptcy process to ensure it’s the best option for you. Michelle Labayen is a knowledgeable and experienced bankruptcy attorney with offices in New York, NY, Miami, FL, and Newark, NJ.

Miami Bankruptcy Office

100 SE 2nd St Suite 2000 #A
Miami Tower
Miami, FL 33131
Phone: (786) 209-2327