The lawsuit has taken an interesting turn with the ABA asserting the court should take judicial notice of 3 e-mails between FedLoan Servicing employees. These emails were obtained under FOIA requests and apparently, took 2 years and a court order…
From the ongoing litigation between the ABA and Department of Education (ED), we’re able to get a glance at the ED’s internal PSLF decision-making process. In the ABA’s most recently filed Memo 08.21.17, we see that FedLoan Servicing will e-mail the…
On December 20, 2016, the American Bar Association (ABA), a very powerful lawyer organization filed suit against the Department of Education for retroactively denying lawyers eligibility under PSLF. The ABA is a professional membership organization for lawyers that does a lot of…
The Department of Education has officially released REPAYE as the newest addition to the Income-Driven Repayment (IDR) Plan family. Read below for more information on the differences between REPAYE and other IDR Plans. You can apply online (StudentLoans.gov) or by…
On Oct. 27, 2015, the Department of Education issued a final regulation establishing a new income-driven repayment plan, the Revised Pay As You Earn (REPAYE) Plan. The REPAYE Plan will be available to borrowers starting in mid-December 2015. Let’s take…
On July 9, 2015, the draft rules on the newest repayment plan, REPAYE, were published (http://www.gpo.gov/fdsys/pkg/FR-2015-07-09/pdf/2015-16623.pdf). The rules that affect PSLF, as discussed in our previous post (http://www.holdfasttodreams.org/repaye-compared-to-ibr-and-paye-for-pslf/) , are: “[P]ayments made under the alternative repayment plan would not count…
In the third and latest REPAYE Negotiated Rulemaking, REPAYE has transformed into the following form: Summary of Change: Adds a new income-contingent repayment plan, called the Revised Pay As You Earn (REPAYE) plan, to §685.209 of the Direct Loan Regulations.…