Sandwiched between glam ass shots and videos of her children, Chyna has advertised something called “Obama’s student loan forgiveness” plan to her more than 11 million followers.
If Chyna aficionados were spurred to action by her urgent-sounding financial advice, they were surely disappointed, because “Obama’s student loan forgiveness plan” does not exist.
We can assist you in finding out what repayment plan you qualify for and the best repayment option available to you based on your specific situation.
Top Federal student loans are granted deferrals on a case-by-case basis.
Are there any student loan relief options based on the current income of the borrower? Why isn’t income-driven repayment available for private student loans?
A private loan cannot be consolidated with your federal student loans.That’s around 3.6 million people desperate for a solution to mounting debt.These are the people targeted by brazen “Obama student loan forgiveness” crews.These kinds of ads use generic, benevolent-sounding names like College Education Services and Student Aid Institute to sound legitimate, but in reality they are often ramshackle operations designed to disappear when they’re scrutinized.Several debt experts I spoke with characterized them as “fly-by-night.” The phrase “whack-a-mole” was also used repeatedly, since many of the companies are small operations that simply declare bankruptcy, change their names, and start over when complaints roll in, making them difficult to catch and permanently stop.It can only be consolidated with other private loans.Like any good Kardashian-adjacent reality star, Blac Chyna operates a bustling side business promoting waist trainers, tooth whiteners, and other lifestyle flotsam on Instagram.What is the Public Service Loan Forgiveness (PSLF) Program? Can you consolidate private student loans with federal student loans?There are several repayment plans that are designed to meet the different needs of individual borrowers.“My whole body just cringed when you said that,” Betsy Mayotte, the director of consumer outreach and compliance at Boston-based nonprofit American Student Assistance, said when I asked if she was familiar with “Obama’s student loan forgiveness plan.” Mayotte is deeply familiar.She counsels people who have college finance problems, and she often deals with the aftermath of what happens when they’ve been taken in by the magical-sounding words that “student debt relief” companies use in their advertisements for fake plans.