Category: Student Loans

military student loan debt

What Every Member Of The U.S. Armed Forces Needs To Know About Federal Student Loans

There are special benefits and repayment options for student loans available from the United States Department of Education and the United States Department of Defense loans. These include:

Service Members Civil Relief (SCRA) Interest Rate Cap:

This program limits the interest rate on private education and federal student loans you obtained before your military service to 6% during periods of active duty.

Military Service Deferment:

Federal student loan repayment can be postponed during active duty, military operations, national emergency and immediately following active duty.

Deferments After Active Duty:

You can postpone the repayment while you prepare to return to school after active duty.

Veterans Total and Permanent Disability Discharge:

A service connected disability may qualify you for a discharge of your federal student loans.

You can learn more about your repayment and even forgiveness options by contacting military student loan attorney, Nancy Cavey, at 727-828-9955.


You may have difficulty paying back your student loans and have even defaulted on those loans. Did you know that your wages can be garnished for failure to pay your federal student loans?

In most instances you have to be taken to court and the lender has to get a judgment against you before they can garnish your wages. However, that is not the case with a federal student loan! The government has the right to garnish your pay without a lawsuit.

Federal student loan wage garnishment procedure

The United States Department of Education has to mail you a written notice 30 days before it begins to garnish your wages. The Department of Education has to tell you about the nature and amount of your debt, as well as the fact that they intend to initiate garnishment.

The notice must tell you that you have the right to:
• Inspect and copy records;
• Enter into a repayment program; and
• Request a hearing about the existence, amount, enforceability of the debt; the amount of withholdings, and whether you have been continuously employed less than twelve months after an involuntary separation from employment.

How to protect yourself if you receive a garnishment notice

You can request a hearing on or before the 30th day following the notice of garnishment. That will stop the garnishment until after a hearing.

If you wait more than 30 days you can still ask for a hearing but that won’t stop the garnishment process.

You can file a “Request for Hearing” form that allows the hearing to be done in writing, in person or even by phone.

Don’t let student loan garnishment devastate your finances. Protect your rights today by contacting student loan garnishment attorney, Nancy Cavey, today at 727-828-9955.

federal loan vs private loan

What’s The Difference Between A Private And A Federal Loan?

A commercial private loan is obtained through a private institution like a bank and rates and terms can vary based on the lender. Private loans are never eligible for federal relief programs such as Income-Based federal loan vs private loanRepayment (IBR), Income-Contingent Repayment (ICR), Pay As You Earn (PAYE), and Public Service Loan Forgiveness (PSLF). Unfortunately, if you get behind in the payment of your private student loans you don’t have the ability to defer, temporarily suspend, request a forbearance, or temporarily postponement or reduce your payments because of financial hardship.

If you default on your private loans your bank will refer your loan to a collection agency who will begin harassing you with phone calls. If you are behind on your private student loan or are being sued, contact private student loan attorney, Nancy Cavey, to learn about your options.


Private student loans are to be avoided at all costs!

Private student loans are never eligible for federal relief programs such as:

• Income-Based Repayment;
• Income-Contingent Repayment; and
• Public Service Loan Forgiveness.

Worse yet, they are not eligible for deferments if you re-enroll in school, are unemployed or face economic hardship.

You’re not even eligible for forbearance which is a temporary postponement or reduction of payments because of financial hardship.

If you’re behind on your private student loans, or being sued for default contact Florida private student loan attorney, Nancy Cavey, to learn more about your defaulted private student loan. Give us a call today to go over your options for repaying your student loans.

fafsa student loan attorney

Should I Fill Out A Free Application For Federal Student Aid FAFSA ?

Absolutely! You should explore the availability of financial aid from all sources so that you can minimize your student loan debt. It is better to exhaust all financial aid options before turning to loans.fafsa student loan attorney

Each year beginning on January 1st, a new FAFSA application becomes available. Submitting a new FAFSA application is required to secure access to federal student aid (including federal grants). Many colleges use the FAFSA information to determine eligibility for their different grant and loan programs. (If you don’t fill out the FAFSA application, you lose the opportunity to receive this assistance.)

The federal deadline for submission of the application is generally at the end of June but make sure you check the website of any college you’re thinking about attending so that you can file it timely.

Don’t forget you have to submit your FAFSA yearly. Grants and scholarships can help make college affordable so that you don’t have to take out a student loan.

Are Federal Student Loans Safer Than Private Student Loans?


According to Lauren Asher, President of the Institute for College Access and Success (TICAS), Federal student loans are the “safest type of loans to take while financing education.” See source

The average student loan borrower will graduate with $26,600 in debt and student loan debt can be a burden you carry for years. However, Federal student loans are, according to Ms. Asher, “subject to income based payback, fixed interest rates and take 9 months to default on.”

Ms. Asher explained that private loans have the right to claim default on a loan after missing just a single payment. As she points out, “default is a one way ticket to bad credit.” She even noted that “any ding in credit rating can affect [a borrower] more now than ever” and can make it difficult for you to get a job.

Having Trouble with Your Federal Student Loan Debt?

If you’re having difficulty paying back your Federal student loan debt, contact student loan attorney, Nancy Cavey, today to learn about the exciting income based repayment based options that will make your student loan debt manageable and insure you a fresh financial future. Contact her today at 727-828-9955.

Your student loan debt can push back when and whether you can buy a home, start a family and destroy your future. Give us a call today to start the process to reduce your student loan debt to a manageable monthly fee.

What you can do today if you can’t afford your student loan payments because you can’t find a job

Things are tough for recent college graduates and the economy in Florida has taken a dive. The job you thought would be there at a great wage just hasn’t materialized. That can make paying off your student loans difficult.

If you can’t afford the minimum student loan payment owed each month, you do have options. Student loan lawyer, Nancy Cavey, offers a comprehensive and personalized analysis of your student loan portfolio to determine options for reducing your monthly payments. This can include providing you with advice for re-payment options based on your income.

You don’t have to stay locked in the 10 year fixed payment plan. There are many exciting options available to Federal student loan holders that will allow you to make student loan payments based on your annual income.

What you can do about your student loan debt?

You can contact Nancy today by simply filling out the questionnaire and faxing it to 727-289-7035. Nancy will review your answers and contact you so you get the help you need today.