You answered my question here, mine is Income Driven Repayment Plan and I'm low income and don't pay anything on my student loan. Also do to COVID as well. I went online to the website and sent in the form and was approved. I'm 69
@junnielaine42083 жыл бұрын
I am on income driven pmts, and a senior . I am also terminal with cancer and am so over re applying every year..they have one option for cancer and that is even worse because you have to reapply every six months. When you are so sick and taking chemo it is just awful, I have been given one year to live and yet they force you to keep reapplying
@SeniorLivingOrg3 жыл бұрын
contact the HELPS Nonprofit Law Firm, call 1-855-435-7787
@HELPSNonprofitLawFirm3 жыл бұрын
If you are disabled your student loans can be discharged once and for all. I believe this video discusses this. Here is a link to the government website: studentaid.gov/manage-loans/forgiveness-cancellation/disability-discharge Eric HELPS
@maryrenaud67323 жыл бұрын
One big issue is the loan services do not inform borrowers of these rights, to first rehabilitate and second do income based repayment for old student loan debt. Thank you for providing this information to those who struggle with Federal debt.
@SeniorLivingOrg3 жыл бұрын
Glad it was helpful!
@oliviakilgo31593 жыл бұрын
This eas awesome thank you. Had student loan never used it due to emergency opt out of one day class still trying to make me pay for loan. They never returned the loan back 71 years old loan went from 2000 to 10000 good to know what to do thank you over 28 years
@SeniorLivingOrg3 жыл бұрын
Glad it was helpful!
@douglasroberts53683 жыл бұрын
God Bless you! I'll be calling. I need your help.
@SeniorLivingOrg3 жыл бұрын
Thank you. Please share the channel with your friends.
@cindyfuller63813 жыл бұрын
I had $35,000 in student loans that I was paying on. Then the virus hit and they automatically put it in deferment/forbearance with no interest. Some how it became $100,000. Now 9 months later it is almost $200,000. I have contacted them and no one knows what is going on. It was not behind or in collection. I am 62 years old...no way that amount will be paid.
@SeniorLivingOrg3 жыл бұрын
So Sorry to hear that. You may want to contact Eric Olsen at HELPS Nonprofit Law Firm to get some assistance.
@pattym3073 жыл бұрын
I am 60 years old. Went back to school at 48. Owed originally 30,000. Now we are looking at 40,000. I do the income driven payment but at this rate my loan wont be paid off by the time I die.
@ericolsen21413 жыл бұрын
Same for you and millions of other seniors with student loans. Don't worry about. Pretty sure that student loans won't follow people to heaven. Eric Olsen Executive Director HELPS Nonprofit Law Firm
@brendahennessy68313 жыл бұрын
Mine either. Owe 140000
@edennis85782 жыл бұрын
Me, too. I owe $125,000. $70,000 of that is interest.
@denisemichelle12293 жыл бұрын
I did a forbearance and that helped me..
@wandahwhetstone57203 жыл бұрын
Goodday Jeff & Erik thank u for this much needed info & updates to save us poor seniors much appreciated advice & support god bless stay safe
@wellman86711 ай бұрын
Poor seniors need good advice like this not condemnation from arrogant people
@SeniorLivingOrg11 ай бұрын
True! Thanks.
@deborahdoesscrap3 жыл бұрын
Thank you for the video. I appreciate the information. I contacted my student loan provider and they said I don't qualify for an income based adjustment of my student loan. I will pursue this option though and thank you for the heads up on this video.
@ericolsen21413 жыл бұрын
Depends on your income. You can call HELPS and ask for Twilla Eric HELPS Nonprofit Law Firm
@willpaul52023 жыл бұрын
What did you expect the loan provider to say?
@SeniorLivingOrg3 жыл бұрын
Glad it was helpful!
@randyking94893 жыл бұрын
@deborah Of course your provider isn't going to tell you that you qualify because your provider_servicer is normally a bill collector. Good luck on that
@edennis85782 жыл бұрын
If your student loan is federal, there's a calculator online that you can use to determine if you qualify. The federal student loan administrators are obligated to help you if you qualify. I personally know people who pay zero on their student loans because of income qualifications. Be aware, though, that the interest continues to build even when you are in one of the income-driven repayment plans. If you think you'll never have enough income to repay the loan, however, the remainder is forgiven after 20-25 years, as I understand it, depending on the age of the loan.
@jasonlarsen49453 жыл бұрын
Good to know, since I'm 44 and still going to school.
@SeniorLivingOrg3 жыл бұрын
Glad it was helpful!
@SkyeID3 жыл бұрын
I'm 43 and it's good to see that I'm not the only "youngster" watching these videos.
@cw50012 жыл бұрын
I was fortunate to have my student loan, discharge through disability. It took me seven years to fight to get my student loan discharged. It was fully discharged in 2018.
@SeniorLivingOrg2 жыл бұрын
We are glad to hear everything turned out ok in your situation.
@leslieross75553 жыл бұрын
So encouraging
@SeniorLivingOrg3 жыл бұрын
Glad this helps!
@sandrajohnson63633 жыл бұрын
My husband is 63. He is 30% permanently disabled veteran. He is still working. He's been paying for years and still owes $70,000. He went back to school in his mid 40's and has a Master's Degree in Cross cultural education. He was unable to secure a permanent teaching position once he relocated from California to another State. They required him to get a teaching credential from this new state. This would have required taking courses and increasing his debt. He was only given substitute teaching positions and eventually resigned. His payments are just over $400 a month. He recently had it temporarily reduced to $173. This is a real struggle for us and eventually, we will have to retire for physical reasons. I'm scared for the day we can't work anymore and we will only have our Social Security. We live paycheck to paycheck and have very limited savings.
@SeniorLivingOrg3 жыл бұрын
Contact the HELPS Nonprofit Law Firm 855 HELPS-US or in numbers 855 435 7787
@HELPSNonprofitLawFirm3 жыл бұрын
Under an income based repayment plan many lower-income seniors can have their student loan payment reduced to zero dollars per month. When your husband retires we would be happy to go over this with him. Eric HELPS
@sandrajohnson63633 жыл бұрын
@@HELPSNonprofitLawFirm Thank you so much.
@LenWilliams1323 жыл бұрын
The huge fee required for rehabilitation added to the principle wasn’t mentioned. My fee is going to be $20,000 added to the principle! No choice, though, if I’m ever to see a tax refund again, not to mention an intact SS check when the time comes. Thank you for this video and for your whole channel! I filled in the form on your website, but no one has contacted me yet. How long does it generally take?
@ericolsen21413 жыл бұрын
Give us a call 855 435 7787
@bamaboy74893 жыл бұрын
I was quoted a monthly fee of a $150.00 per month for a year to rehab my loan
@carlosaguirre37863 жыл бұрын
Thank you!
@CRSDelta3 жыл бұрын
What if you have a federally backed loan, but will not get SSI? You will get a small pension. Also what is the beginning age for a senior? 63? 65? thanks
@ericolsen21413 жыл бұрын
SS and retirement income is protected regardless of age. We only see student loans attempting to offset SS . We not see them going after pensions, Eric HELPS Nonprofit Law Firm
@CRSDelta3 жыл бұрын
Thank you Eric!
@carlashupe9873 жыл бұрын
Have you never worked in your life? It sounds like you have. You have a pension to show for work so you will have SS when you retire. And if you are a woman you have your husbands if you did not work.
@CRSDelta3 жыл бұрын
@@carlashupe987 Not everyone who has worked will get SSI. My company did not pay into SSI. Yes I am a woman, but not married. I have contributed to a pension all of my career, won't get ssi unless I pay into it for at least ten years which I won't because I am about to retire. My question was about pension not SSI. Thank you.
@denisemichelle12293 жыл бұрын
Jeff thznk you and Eric a God sent both of you!! Great I formation
@laurasweeney2546 Жыл бұрын
Thank you again for this much-needed information.
@eyecan83 жыл бұрын
Thank you 😊
@SeniorLivingOrg3 жыл бұрын
You're welcome 😊
@jorgegonzales4153 Жыл бұрын
What about 20 y/o “Child support” being taken out of my SSA check. My son is 24 y/o and stays with me on weekends. I’ve been homeless for like 18 years until I started drawing SSA. I’m sentenced to $2500.00 a month(crazy). I never made enough to make payments
@bamaboy74893 жыл бұрын
The collector I talked to about student loan offset they charge 190.00 down payment an 60.00 a month for a year or so
@myvibebeats3 жыл бұрын
Thank you for your time and services...does this apply to a parent plus loan?
@HELPSNonprofitLawFirm3 жыл бұрын
No Parent Plus loans are different with no way for deferment. Eric HELPS
@myvibebeats3 жыл бұрын
@@HELPSNonprofitLawFirm thank you!
@oliverram32432 жыл бұрын
@@HELPSNonprofitLawFirm What do you mean? Parent Plus Loans are eligible for ICR and forgiveness.
@michelepaugh66033 жыл бұрын
How old do you need to be to be qualified as a senior for using Helpsishere?
@ericolsen21413 жыл бұрын
Age is no criteria. Our assistance is based on income, Social Security, pension, disability or VA benefits. Eric Olsen Executive Director HELPS Nonprofit Law Firm
@MariaRamos-fs1bc3 жыл бұрын
I'm 67, I co sign for my daughter's with promise that I'll pay for it. I plan to pay for it but I got disabled at 60. I'm religious paying it but I will help me a lot if can rid of it without hurting my daughters credit . Is there any way I do.
@HELPSNonprofitLawFirm3 жыл бұрын
Student loans are often made part of a credit report. Eric HELPS
@edennis85782 жыл бұрын
Try to get an income-driven repayment plan. If you can't, she should apply. If she doesn't qualify for one, then she should be paying the student loans.
@bigunone3 жыл бұрын
Thanks I'll be contacting them, while the web site wasn't hard to find it would be nice if you included a link to it
@SeniorLivingOrg3 жыл бұрын
You can reach HELPS here www.helpsishere.org/
@user-lp3hh7wy7s9 ай бұрын
Good morning , I would like to know if there is a contract number
@sandrasanchez-do8ln3 жыл бұрын
I am 62 and have a student Loan ans my SSdi has been attached and now I found out the stimulus this time can be taken as well...so basically I stay even worse
@HELPSNonprofitLawFirm3 жыл бұрын
If you receive SSD you can likely have the Student Loan discharged and get the SS offset stopped. Also, the new stimulus is protected from garnishment for student loans. So instead of worse everything can be better. You can call HELPS and we can give you some directions or even help. :)
@SkyeID3 жыл бұрын
I've been on SSI for 15 years. 6 years ago, I got my $25,000 student loans discharged from when I went to college back in 1997.
@cj21372 жыл бұрын
They do that to my mother 150 dollars to her ssdi and she is low income
@SeniorLivingOrg2 жыл бұрын
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787
@ericolsen21412 жыл бұрын
SS offsets are temporarily stayed at least till next August so that should not be happening currently Eric HELPS. If she is disabled she have the student loans forgiven not a difficult process Eric HELPS
@lisahenke50273 жыл бұрын
I'll be 58 in September and I owe aprx 10,000 from student loans over 10 years ago. Does this apply to me?
@ericolsen21413 жыл бұрын
Income-based repayment plan is based on income not age Eric Olsen Executive Director HELPS Nonprofit Law Firm
@edennis85782 жыл бұрын
If you're in default, you can't get an income-based repayment plan.
@traceejohnson2902 жыл бұрын
Are student loans forgiven after 20 or 25 years, if not ever in forberance or default?
@SeniorLivingOrg2 жыл бұрын
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787
@ericolsen21412 жыл бұрын
There is no timeline for student loans to be forgiven. HELPS
@edennis85782 жыл бұрын
Income-driven repayment plans for government student loans are forgiven in 20-25 years, depending on the plan and the age of the loan. The borrower may be taxed on the amount that is forgiven. Don't take my word for it, it's on the government website.
@initiate220003 жыл бұрын
I already have an income driven repayment plan, but lost my job recently and am old enough to retire and collect SS. I will have no other income. and just minimal SS If I sign up with your agency, can they help me so I won't have to make more payments?
@ericolsen21413 жыл бұрын
Yes
@cameliastyles6672 жыл бұрын
Hey Erric. I am 70 yrs and my student loans and I can't pay off $76,000.
@SeniorLivingOrg2 жыл бұрын
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787.
@donnaculberson79583 жыл бұрын
Who qualifies as senior citizen?
@HELPSNonprofitLawFirm3 жыл бұрын
This law applies to anyone with student loans, dependent on income., Eric HELPS
@Tawny5933 жыл бұрын
How old is a senior citizen??
@ericolsen21413 жыл бұрын
The rules regarding income-based repayment of student loans apply to persons of any age based on income. Eric Olsen Executive Director HELPS Nonprofit Law Firm
@cameliastyles6672 жыл бұрын
I filed a chapter 7 in 2019 and it was dismissed, was my student loan discharged?
@SeniorLivingOrg2 жыл бұрын
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787.
@HELPSNonprofitLawFirm2 жыл бұрын
No
@ljgblessed2 жыл бұрын
Does this include federal retirement people as well
@SeniorLivingOrg2 жыл бұрын
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787
@HELPSNonprofitLawFirm2 жыл бұрын
yes HELPS
@glennhammer63933 жыл бұрын
=
@amieevans46653 жыл бұрын
They take it out of my ssdi.....
@amieevans46653 жыл бұрын
Even tho the collector cannot provide me with even enough proof of the college they say i went to back in 93...says not applicable.....from somebody ive never heard of or a school that doesnt even exist..asked for a copy of my signature to prove i signed for any loan they sent paperwork for me to sign and send back...did not do that and they could not provide anything with my signature...
@Chris_at_Home3 жыл бұрын
I think that a lien should be put on any property people own that owe student loans. This way people can’t sell their property without paying off a loan owed to the taxpayers of this country. These people had their whole working career to pay off their investment of college, instead they probably drove nice vehicles, took nice vacations and over spent their whole life and now the cry. Oh well, I’ll enjoy my nice pension and almost max social security in my homes we have the deed to because I didn’t waste money on college and still made millions during my working career. Actually over 1 mil my last ten years in my techie job. My whole careers was like that making close 75,000 at 28 which is about 200,000 today. I am tired of paying taxes for people that refuse to cover their own debt.
@donnacastel35683 жыл бұрын
MY DAUGHTER IS IN LEG BRACES WITH A AUTISTIC DAUGHTER . She is in her40s now & her child who will bea child all her life is23 . She got behind because of medical bills on both of them. She continues to work from from home & that badly covers basic needs. The dad took off . Her degree is is in Architecture. You have to WALK to sites to make that work .TELLING YOU THIS SO YOU KNOW NOT ALL PEOPLE BEHIND ON STUDENT LOANS ARE DEAD BEATS. Everyone else in this situation can go bankrupt. She refuses to give up . Her ethics are as high as YOURS! You are arrogant & judgmental . You know not of what you speak!
@bilsabo2 жыл бұрын
I agree, plus, the market have been going up for the past ~140 years. If you're old and poor, that's on you.
@edennis85782 жыл бұрын
I couldn't find out how, or if, the government takes assets into account, but I did find a site for attorneys that advised transferring property to someone else as the 20-year forgiveness period approaches. The implication was that the government does put a lien on property if you have any and you don't fully pay off the loan.
@geekfreak6183 жыл бұрын
How many seniors have student loans? Not that many.
@ericolsen21413 жыл бұрын
3 million seniors over age 60 have student loans. That is almost 5% of seniors in America. You can determine if that is many or not. If you are a poor or lower income senior having his or her SS offset by 15% that's definitely too many. Eric HELPS Nonprofit Law Firm
@edennis85782 жыл бұрын
Read the comments; there are a lot of us. Many times it's because we started college or went back to college in middle age. Often, it was an "investment" in our futures that didn't pay off for one reason or another.
@tombowers20203 жыл бұрын
You get a student loan to get an education, to get a good paying job. Here is some advice, honor your commitments, budget your income, and pay your damn bills.
@ericolsen21413 жыл бұрын
I usually don't comment on comments like this, however.... All true but we are talking here about generally poor seniors many of whom have only income from minimal social Security. Good advice for younger persons but seniors sometimes find that life didn't work out like they planned, often because of no fault of their own. It's not a perfect world. A set-off of 15% of Social Security for someone whose only income is $1250 Social Security can be devastating. Lawmakers in their wisdom have provided means whereby this set-off can be stopped or prevented for the poor amongst us. There but for the grace of God go any among us. 'Eric Olsen Executive Director HELPS Nonprofit Law Firm
@lisahenke50273 жыл бұрын
What a nice thing to say for people who are struggling to do the right thing. Judge yourself!!
@tonydelariva71633 жыл бұрын
You won't be saying that when you're too old to get out there and show up for a job like when you when you were young. Your body changes. Sooner or later, father time will catch up to you.
@tombowers20203 жыл бұрын
It proves a point. College degrees can be so worthless and overly priced, that you will be taking a life time to pay them off. Why would anyone get such a lousy degree that they would still be paying on it 40+ years later? What do I know, I just worked my way through University. Graduated with zero debt, and never looked back.
@tonydelariva71632 жыл бұрын
@@tombowers2020 There are many people who were professionals in law or medicine, for example, who are struggling to make ends meet-or worse yet, homeless and living on the street.
@katielin23793 жыл бұрын
Pay your own debt. Quit dumping on the taxpayers.
@CynthiaSchoenbauer3 жыл бұрын
That is a hoax. You are repeating the same old lies.
@deborahdoesscrap3 жыл бұрын
I really wish it was as black and white as that. I worked for 45 years as a Registered Nurse. I saved and had quite a bit of money in my tax shelter and the promise of a good monthly amount of social security. In the 2008 downturn, my tax shelter was decimated. I tried to take my money out of the higher risk stocks and my analyst kept telling me to hang on and that I wouldn't have a way to turn my situation around unless I stayed in the market. Clearly, I wasn't given good information. I was upset but knew that I planned on working another 10 or 12 years so I felt that there was an opportunity to recoup. In 2015 several things happened. I started having horrible back pain, my car died and I was diagnosed with diabetes. I tried to continue working but the Doctor said that it was chronic changes to my back related to repetitive lifting, pulling and pushing. I was too young for Medicare and without work I didn't have health insurance. My diabetes medications averaged $650 per month. My car insurance averaged $275 per month, my heating bill from November to April ran about $700 per month. I started living on my credit cards and was able to make my bills each month by "robbing Peter to pay Paul". When I had exhausted my credit card limits, I had no further way to pay my bills. I called my credit card companies and asked to set up a payment plan. I told them I planned to be accountable to pay my debts but needed to have a brief respite until I qualified for Medicare and hopefully my prescription cost would go down. They told me that I had made the debt and I needed to pay my bills. I again told them that I planned to but needed short term help. They refused. They did tell me that if I filed bankruptcy that they would leave me alone if I gave them the name of my lawyer and my case number. I also had to buy a car. I bought a bottom of the line, Ford. I took the last money out of my savings to change from electric heat to propane heat but by this time, I was so far behind the eight ball that I didn't know what to do. I have student loan debt of about $25,000. I have been helped by the freeze placed on student loan debt by the government related to COVID. I am in a period of time where I am trying to find my way out of this and frankly, other than being stupid about my tax shelter, I don't fell that I did anything to directly impact my debt. It is funny that the credit card companies have told me to file for bankruptcy as they then write the debt off on their taxes. They would rather do that than have me pay a monthly sum. The system we live under is quite interesting. Anyway, I know what you are trying to say, that if we make our debts we need to pay our debts but it isn't always that easy.
@valerieneal27473 жыл бұрын
Who the heck ARE YOU to DICTATE TO Americans who are furthering their educations WHAT TO DO??😤😠😤
@billcote54623 жыл бұрын
Bet your a republican LOL Tell that to your rich overlords , they haven;t paid taxes since Reagun
@lotsofthisandthat97913 жыл бұрын
These student debts should be forgiven and I DID pay back all my student debt from 1980’s. Kids these days have it stacked against them. College costs rising 3-4 x inflation. Wallstreet banks get bailouts whenever they need it. Congress gave 100’s of millions in last ‘stimulus’ bill to foreign countries( which will be siphoned back to congress members as kick-backs). Congressmen enter as middle class and leave congress mu,ti millionaires. The beat goes on and on. Then, congress passes legislation to make these students debt slaves for the rest of their lives! Oh and let’s not forget the trillions wasted on endless war since 2001, chasing the boogie man in caves around the world! Just print the debt away, congress has no problem nor does Executive Branch to print for all the other pork and BS!