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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68% of Student Loans Are Changing Servicers in 2021

In 2021, the Department of Education is going to reduce their 11 services down to 5 student loan servicers. According to Business Insider, the DOE outlined a plan to reduce their service in order to “better customer service.” Only 3 servicers of the original 11 will continue in 2021: Edfinancial, MOHELA, and Maximus.

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Navient's Lawsuit

What Navient’s Lawsuit Settlement Means for Your Student Loans

Back in 2018 nine teachers filed a lawsuit against Navient, one of the government’s student loan servicers for misleading borrowers or blocking them from accessing a public service loan forgiveness program. According to the New York Times, out of the 146,000 applicants to the program at the time, only 3,200 saw their student loans forgiven.

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Filling Bankruptcy And Covid-19

Times of crisis always have a significant impact on any country’s economy. Worse, when the country is caught unprepared, and that is what we’ve witnessed around the world. COVID-19 has pushed the “superpowers” to the wall economically, and countries are struggling to remain afloat.

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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, and Newark, NJ. Florida licensed attorney Drew Gaddis is counsel and would be representing all clients in Florida.

Miami Bankruptcy Office

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