No Debt But Love:😃Liebster Award Nomination😃

Hello everyone and welcome back to No Debt But Love. I am humbled to have been nominated for the Liebster Award by Prashanti Alluri @ Thank you Prashanti for nominating No Debt But Love! ❤️  Please visit her blog, you will find it beneficial.  Prashanti aims to encourage others in their quest to happiness, wellness, and peace.

The Rules:
1. Thank the Blogger who nominated you.
2. Share 11 facts about yourself.
3. Answer the questions the blogger asked you.
4. Nominate 11 lucky bloggers and make them happy.
5. Ask your nominees 11 further questions.
6. Notify your 11 nominees.

11 Facts About Myself:
1. Surprisingly, I am an introvert.
2. I enjoy jogging and basketball.
3. I see myself retiring outside the country of my birth-the U.S.
4. I enjoy cheeseburgers… A LOT.
5. I am 1 of 8 children.
6. I am originally from Texas… yeehaw!
7. I work in education.
8. I studied business and communication in college.
9. I knew early on-11 years-old, I wanted to get married and start a family.
10. I am married with 2 kids.
11. My generational classification is Millennial.

Prashanti’s Questions
1. Are there any writers in your family?
My little sister writes poetry.

2. What inspired you towards blogging?
I want people to be encouraged to not give up ever. Regardless of their circumstances.

3. What is your favorite color?
My favorite color is red.

4. Whats your future ambition?
My future ambition is to pay off my student loan debt and leave wealth for my children, grandchildren, and great grandchildren.

5.What are your hobbies ?
I enjoy blogging, jogging, and playing/watching basketball.

6. What’s your favorite subject in school?
I overall enjoy the pursuit of knowledge. I really can’t choose just one, I did enjoy my finance, human resources, and rhetorical criticism coursework.

7. Do you like poetry, then who is that you like?
I don’t necessarily read poetry, I do enjoy reading current events.

8.How do relax when your anxious?
I pray and go running.

9. What’s your best childhood memory?
My best childhood memory was my father coming home with coconut flavored candy. It was Coconut Long Boys lol.

10.Who is the most inspiring person in your life?
Unapologetically, Jesus Christ.

11.Describe about your blog in few words?
My blog aims to encourage those experiencing financial hardship due to student loans. This blog is a rallying cry to take courage, face the debt monster, and make it submit.

My 11 nominees for this award are:
JLV College Counseling
Dreamer, Random Thoughts
Deeply shreded, d_vyang_talks
Samyak Singh, Enigmatical
Ria, Just write For yourself
Frugal Buffalo
Jordan Rothman, Student Debt Diaries
James Burgess, Business Discussin Group
Madmargaret, Mad Margaret Diaries
Deeply shreded, d_vyang_talks

I like Prashanti’s Questions so I would like to reuse them…

Questions to Nominees:

  1. Are there any writers in your family?
  2. What inspired you towards blogging?
  3. What is your favorite color?
  4. Whats your future ambition?
  5. What are your hobbies ?
  6.  What’s your favorite subject in school?
  7. Do you like poetry, then who is that you like?
  8. How do relax when your anxious?
  9.  What’s your best childhood memory?
  10. Who is the most inspiring person in your life?
  11. Describe about your blog in few words?

Thank you for supporting No Debt But Love! Please visit the blogs of my Liebster Award nominees. Let them know that No Debt But Love sent you! 😃

In The News: Teacher To Betsy DeVos: ‘Why Didn’t You Forgive My Student Loans?’

August 5, 2019

By Zack Friedman, Forbes

Secretary of Education Betsy DeVos

An educator thought she was on track to receive student loan forgiveness.

She made the payments. She thought she did everything right.

Then, she was told years later that she didn’t qualify.

Here’s what you need to know – and how you can avoid her fate.

New Lawsuit: Student Loan Forgiveness

As first reported by NPR, Debbie Baker, a Director Education at a non-profit organization in Tulsa, Oklahoma, expected that her $76,000 of student loan debt would be forgiven through the Public Service Loan Forgiveness program, a federal program through the U.S. Department of Education that forgives federal student loans for individuals who work in public service.

According to Baker, her student loan servicer – the company responsible for collecting and managing her student loan payments –  allegedly told her for nine years that she met all the requirements to receive public service loan forgiveness. As such, Baker thought she would have all her federal student loan forgiven after meeting the program’s requirements, which she believed she met. However, after making her usual monthly payments under an income-driven repayment program, the U.S. Department of Education said she did not qualify for student loan forgiveness. You can imagine Baker’s reaction.

Now, Baker is a plaintiff in a new lawsuit filed by the American Federation of Teachers, one of the nation’s largest teacher’s unions, against the U.S. Department of Education, which is led by Secretary Betsy DeVos. The lawsuit alleges, among other things, that:

  • the Public Service Loan Forgiveness program is “grossly mismanaged” and
  • the program, as it’s currently administered, violates the Due Process Clause of the Fifth Amendment to the U.S. Constitution
  • the U.S. Department of Education is aware that student loan servicers make misrepresentations to borrowers, which results in borrowers getting rejected for student loan forgiveness and suffering financial and other harm.

Was Baker given the wrong information from her student loan servicer? Was it Baker’s responsibility to understand all the requirements of the program? Is the program administered properly? What is the proper role of student loan servicers – advisors or student loan payment collectors? Many of these issues may be addressed as a result of this lawsuit.

To Read More, Click Link Below:

In The News: ‘I’m Drowning’: Those Hit Hardest By Student Loan Debt Never Finished College

August 1, 2019

By Elissa Nadworny, NPR

Most days, 25-year-old Chavonne can push her student loan debt to the back of her mind.

Between short-term office jobs in the Washington, D.C., area, she drives for Uber. But once in awhile, a debt collector will get hold of her cellphone number — the one she keeps changing to avoid them — and it all comes back fresh. “I’ll be like, ‘Oh no!’ ” she says. “It’s a sad reminder that I owe somebody money!”

In April, she got another reminder when the government seized her tax refund.

All this for a degree she never finished.

Back in high school, she recalls, her teachers and friends pushed her to go to college. And so, without too much thought, Chavonne enrolled at the University of Mississippi and borrowed about $20,000 to pay for it.

Far away from home and in a challenging environment, she struggled — and after three semesters, she’d had enough. Her college days are five years behind her, but the debt she took on is not.

Today, rent, car payments, gas and food are higher up on her list of priorities. And so she’s in default, not paying on her loans.

The one thing that could help Chavonne earn more money, of course, is earning a degree. But because she’s in default, she doesn’t have access to federal student aid that could help her go back and finish. It’s a vicious cycle for Chavonne and millions of other students who leave college with debt and without a degree.

From mid-2014 to mid-2016, 3.9 million undergraduates with federal student loan debt dropped out, according to an analysis of federal data by The Hechinger Report, a nonprofit news organization.

The default rate among borrowers who didn’t complete their degree is three times as high as the rate for borrowers who did earn a diploma. When these students stop taking classes, they don’t get the wage bump that graduates get that could help them pay back their loans.

The perception is, work hard and pay what you owe, says Tiffany Jones, who leads higher education policy at the Education Trust, “but it’s not manageable even if you’re working.”

To Read More Click Link Below:

In The News: Feds find potential fraud in student loan repayment plans

July 26, 2019

By Collin Binkley, ABC News

Tens of thousands of federal student loan borrowers may be getting their monthly payments lowered by lying about their income and family size, yet the U.S. Education Department is doing little to catch them, according to a report released Thursday by a federal watchdog agency.

Among the most extreme cases reported by the Government Accountability Office are two separate borrowers who claimed to have 93 relatives in their households, along with 3,300 cases in which borrowers said they had no income even though federal data suggest they made $100,000 a year or more. All were approved for lower loan payments.

Investigators were reviewing the Education Department’s oversight of its popular income-driven repayment plans, which allow borrowers to pay lower monthly rates based on their incomes and family sizes. After 25 years of payments, all remaining debt is wiped clean.

Education Secretary Betsy DeVos said her agency will conduct comprehensive review of the repayment plans and will refer cases of fraud to the Justice Department for prosecution. She placed blame on previous administrations, saying the problems are proof that “many of the policy ideas previously pursued were poorly implemented.”

“Misrepresenting income or family size is wrong, and we must have a system in place to ensure that dishonest people do not get away with it,” DeVos said. “We didn’t create that problem, but rest assured we will fix it.”

The federal watchdog agency says it identified 95,100 cases in which borrowers were approved as having no income even though it appears they were earning money. Using wage data from the Department of Health and Human Services, investigators found that borrowers in a third of those cases may actually have been making $45,000 a year or more, including some who topped $100,000.

They concluded that the department “does not have procedures to verify borrower reports of zero income, nor, for the most part, procedures to verify borrower reports of family size.” Borrowers applying for the repayment plans can check a box indicating they have no income, and the department generally takes them at their word with no further documentation needed, the investigation found.

If approved, borrowers with no income typically are not required to make monthly payments.

Click Link Below to Read More:

In The News: More student loan borrowers carry six-figure balances

July 23, 2019

By Annie Nova

ONE TIME USE H/O: Elisha Bokman

Elisha Bokman has been out of school for eight years. Still, her student loan balance is half a million dollars.

Today, for her doctorate degree in naturopathic medicine and master’s in acupuncture from Bastyr University, she owes $499,322.69.

She and her husband struggled to buy a house because of her debt. Eventually, the financial stress led them to a divorce. “He felt like he couldn’t live his life or do the things he wanted to do,” Bokman, 38, said. She wanted to open her own medical practice, but she said her student debt prevents her from getting a business loan.

“It really effects the remainder of your life,” Bokman said. “There’s no out.”

Around 178,000 graduate students owed more than $100,000 in the 2015-2016 academic year, up from 51,000 in 2003-2004, according to Mark Kantrowitz, the publisher of In the first quarter of 2019, over 6% of all student loan borrowers owed more than $100,000, up from 5.4% in 2017.

Recently, Democratic presidential candidates Elizabeth Warren and Bernie Sanders have proposed forgiving student debt. Warren’s plan would reduce people’s tabs by up to $50,000, whereas Sanders’ would erase it all.

To Read More, Click Link Below: