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 @ https://happinessinn.blog/. 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
Coachkanikafindingabetteryou, coachkanika.home.blog
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:

https://www.forbes.com/sites/zackfriedman/2019/07/15/punlic-service-loan-forgiveness-lawsuit/#217b029c32ab

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:

https://www.npr.org/2019/07/18/739451168/i-m-drowning-those-hit-hardest-by-student-loan-debt-never-finished-college

In The News: Debt free at 23: How this woman paid off $20K in loans in just one year

July 18, 2019

By Sofia Pitt

For CNBC

Paying with paper instead of plastic helped Kristy Epperson eliminate $20,000 in student loan and car loan debt in just one year.

After earning her bachelor’s degree in nursing from Wright State University in 2017, Epperson owed about $16,000 in student loans from multiple borrowers with interest rates of between 3.6% and 6.8%. She also had roughly $4,000 left on her car loan, at an interest rate of 4.2%.

Even as Epperson began slowly chipping away at that debt, she managed to achieve another financial goal: homeownership. She was able to buy a place in Dayton, Ohio, with only 5% as a down payment. Becoming a homeowner forced her to take a hard look at her expenses and reevaluate her spending habits — which made her more determined to wipe out her student loan and auto debts.

“If something happened, if I lost my job, I’d have no way to pay my bills,” Epperson tells Grow. “I needed a better long-term plan.”

In addition to getting a second job as a substitute teacher, which brought in an extra $100 to $300 a month, Epperson created an expense spreadsheet and began tracking her purchases to help her pay down debt faster. She used her Instagram page, @DebtFreeAtTwentyThree, to share her setbacks, strategies, and accomplishments.

To Read More, Click on Link Below:
https://www.usatoday.com/story/money/2019/07/17/student-loans-car-loans-woman-paid-off-debt-cash-budget/1754028001/

From IOU To I Forgive You

“Don’t seek to ascribe your internal value by external means.” Where the words my wife used to remind me that I’m not alive to be popular. Throughout my student loan repayment journey I found it necessary to often forgo shopping, dining, and traveling with friends.

As a husband and father of two, it’s difficult placing the needs of my family before my own desires. However, this is exactly what Jesus Christ has called me to do. I am called to love my wife as Christ loved the church as found in Ephesians 5:25. This means even when she is disagreeable (as I can be too), I must show her love.

I must also imitate Christ in humility as found in Phillipians 2:3. By no means does the Bible call for believers to be doormats. The Bible provides us with “Fruits of the Spirit”- desirable qualities we should look for in ourselves and others. With that said, how will my decisions affect others?

In the context of this blog, life isn’t about paying off debt; and this doesn’t make it okay to become a spendthrift. I regret not “seeing the forest for the trees” in pursuit of debt repayment. I’ve sacrificed putting Christ on display by holding onto resources, and forgetting 2 fish and 5 loaves of bread were more than enough for Him to work with.

I must acknowledge my own moral failures and extend forgiveness; even if my loan servicers won’t do the same hahaha. Forgiveness is not for those who hurt you, but for you. Holding onto hurt is like a bad rope burn, let it go. So this post is to my 18-year-old self, I forgive you for signing the promissory note unwittingly lol.

For my readers, what regrets do you still hold on to? What do you need to forgive yourself and others of? Join me in starting the journey by commenting below.

Until next time everyone, stay strong… fight on… and have no debt but love. Peace and blessings.

No Debt But Love: Sunshine Blogger Award Nomination

Hello and thank you for visiting the blog No Debt But Love, where we strive to live out Romans 13:8!  I had an AMAZING weekend with my family, and this week is getting off to a great start.  Why do you ask?  No Debt But Love has been nominated for The Sunshine Blogger Award by Mr. A @ https://barbariangentlemen.wordpress.com/.

Mr. A discusses topics on manhood, fitness, social skills, and style… just to name a few.  You all know what to do, visit his blog and show him some love and tell him No Debt But Love sent you!

When I started this blog, the thought never crossed my mind that I would receive award nominations.  Especially, given my topic-student loans.  The Sunshine Blogger Award is peer recognition for bloggers that inspire positivity and joy.  Mr. A. has asked me a few questions, here’s my attempt to tackle them lol.

Image result for sunshine blogger award

1. The goal is to love life, not to endure it. If you’re bound to repeat an endless cycle of your life, are there things you wouldn’t want to repeat for eternity? If there are, have you done anything to change them now? What are those things?

One thing I certainly wouldn’t want to repeat for eternity is student loan debt 😂😂😂.  Student loans are the worst!  I’m currently paying these blood suckers off.

2. Have you ever thought of doing something, but didn’t try to pursue it? Are you glad you didn’t pursue it? Tell us about it?

I thought about pursuing my doctorate.  I regret that I didn’t push harder for it, but perhaps maybe one day.

3. Is there someone out there that you follow with no question, even thou you know they’re wrong? Tell us who and why do you follow?

Perhaps maybe family members?  I support particular individuals because I love them.  If you don’t have family in your corner, who else do you have… right?

4. Is there a thing you’ve been waiting to do? Why are you waiting? Are your concerns realistic?

I’ve been waiting to visit my wife’s home country of Trinidad.  I don’t have any concerns about visiting… well there’s the stress of in-laws.  They are WONDERFUL people; I’ve met them a few times during their visits to the U.S.

5. Tell us something that is you’re supposed to be committed to, but found yourself half-assing it? Why are you holding back? How can you give it everything you have?

I’m committed to working out, but I don’t like to lift heavy weights too much.  This is problematic as I would like to bulk up, the other issue is… I love running.  So as soon as I gain weight, I lose it fast haha.

6. What is your ideal haircut for men that you find very irresistible?

The haircut that’s irresistible for my wife is an all-even with (1.5 guard with the grain).

7. How is your net worth? Are you still living from paycheck to paycheck?

I can disclose my net worth is positive since 2016 and growing.  I am so grateful to not live paycheck to paycheck any longer.

8. What is a guaranteed way to get a better night’s sleep?

Prayer and the Bible set my mind at ease.

9. What are the red flags that you look out for in a romantic relationship?

The big red flag for me is a significant other’s inability to address themselves in a respectful manner.  I don’t condone shouting matches haha.

10. Is there anything that I have written that you consider poor or irresponsible? Is there a topic that I’ve written that you don’t agree on?

Mr. A, keep rocking dude.  Your perspective is unique and very comical.

11.  Mr. A has graciously made question 11 optional!  You are the man, Mr. A!  My wife would kill me haha.

So that’s enough blah-blah from me…

 

Here are my nominees for the Sunshine Blogger Award.

https://myconcealeddepression.com/blog/

https://theuberpharmacist.wordpress.com/

https://rjs.social/

mikedittenber.wordpress.com

https://triciajots4jesus.wordpress.com/

https://millenniallifecrisis.org/

https://plantingseedsingodsgrowinggarden.wordpress.com/

https://knittingwithheart.wordpress.com/

https://drawingclosertochrist.com/

https://legendpalour.wordpress.com/

https://tafadzwaprivyblog.wordpress.com/

Questions for the nominees:

  1. Why did you start blogging?
  2.  Is there a story behind the name of your blog?
  3. What is your favorite vacation spot?
  4. What is your favorite movie?
  5. What is your life’s greatest accomplishment?
  6. If you had to eat one food for the rest of your life, what would it be?
  7. What is the title of the last book you have read?
  8. What is one way you relieve stress at the end of the day?
  9. What cities or towns have you lived in?
  10. Where do you find inspiration for your blog posts?
  11. Do you own any pets?

Sunshine Blogger Award Rules:

Thank the blogger who nominated you.

Answer the 11 questions the blogger asked you.

Nominate new blogs to receive the award and write them 11 new questions.

List the rules and display the Sunshine Blogger Award in your post/or on your blog.

Notify the nominees about it by commenting on one of their blog posts.

 

Thank you again for visiting No Debt But Love and please send Mr. A at Mr. A @ https://barbariangentlemen.wordpress.com/ my regards!

 

In the News: Lawsuit alleges the government is illegally garnishing tax refunds of student-loan borrower

June 20, 2019

By Jillian Berman

For MarketWatch

For the past few years, the government has been taking pains to collect on Tamara Blanchette’s student loans — garnishing some of the money she receives through her tax refund.

But it’s debt the government shouldn’t be collecting on in the first place, a new lawsuit alleges.

The suit, filed on behalf of Blanchette and similarly situated borrowers, alleges that Betsy DeVos and the Department of Education are collecting on debt that isn’t legally enforceable.

That’s because the Department knows that Blanchette and other students who enrolled in the criminal-justice program at the Minnesota School of Business, a now defunct for-profit college chain, were defrauded by the school when they signed up for the program, according to court documents.

For more information click on link below:

https://www.marketwatch.com/story/lawsuit-alleges-the-government-is-illegally-garnishing-tax-refunds-of-student-loan-borrowers-2019-06-19

In the News: Battle Lines Drawn on a Student Loan Alternative

June 13, 2019

By: Andrew Kreighbaum

Inside Higher Ed

Senator Elizabeth Warren and other congressional Democrats delivered a warning on Tuesday about the potential dangers of income-share agreements, an alternative form of college financing increasingly popular with some critics of student loans. The lawmakers’ primary target was the Trump administration — which has expressed interest in experimenting with the agreements — but the shot across the bow also aimed at colleges operating their own ISA plans.

Income-share agreements offer students financial support up front and in exchange require them to repay a portion of their income for a set number of years. They first caught on at coding boot camps and similar programs that don’t receive federal student aid. But a handful of four-year colleges have begun offering their own ISA plans and, last month, the Trump administration said it planned to pursue a federal experiment to offer income-share agreements to students.

Click link below to read more:

https://www.insidehighered.com/news/2019/06/05/democrats-take-aim-student-loan-alternative-and-colleges-offer-income-share

 

In The News: At HBCUs, crushing student loan debt is a symptom of even bigger problems

June 11, 2019

By Dartunorro Clark

MSNBC News

When Michael Sorrell became president of Paul Quinn College 12 years ago, he assessed the dire situation his school was in and made a bold choice: No more football.

“I mean, we’re in Texas. We’re an HBCU in Texas,” Sorrell said. “I got a little flak for that, OK?”

But to him, eliminating the program was the only way the historically black college in Dallas, which was founded in 1872 by a group of preachers from the African Methodist Episcopal Church to educate freed slaves and their children, could get back on track.

Football had cost the school roughly $600,000 to $1 million a year, he said, and scholarships went mainly to the players. Meanwhile, other students struggled, faculty and staff members were leaving, and buildings had fallen into disrepair.

“We were roughly 18 months to 24 months away from closing. We had financial problems. We had academic problems. We had morale problems, and it was the prototypical scenario for an institution that had been struggling for a long time and the end of the road was coming,” he told NBC News in a phone interview.

The challenges Paul Quinn College faced are not unique, experts said, even if its solution was one of a kind.

Click link below to read more:

https://www.nbcnews.com/politics/politics-news/hbcus-crushing-student-loan-debt-symptom-even-bigger-problems-n1014171

 

In the News: Education company Chegg is helping pay down its employees’ student loan debt. ‘They are creating value for us’

June 7, 2019

— CNBC’s Annie Nova contributed to this report.

https://www.cnbc.com/amp/2019/06/06/chegg-is-helping-pay-down-its-employees-student-loan-debt.html

Chegg has a new plan to help its employees deal with their student loans.

And its CEO wants other companies to follow Chegg’s lead.

The student-connected learning platform announced a new program Thursday that will give its entry- through manager-level workers up to $5,000 a year, if they have been with the company at least two years. Director- or vice president-level employees can get up to $3,000 annually to help pay down their student loan debt.

“Corporations need to play a role here,” Chegg CEO Dan Rosensweig told CNBC’s “Closing Bell” on Thursday.

“We are the beneficiaries of those people who have gotten an education — doesn’t matter if it is four year or two year or even if they completed it,” he added. “If they borrowed money and they are creating value for us, we want to help them.”

Student loan debt has hit record levels, with borrowers owing a total of $1.5 trillion. About 7 in 10 college graduates have education debt.

“We are taking our most vulnerable, least financially stable and we’re creating a burden on them that is unsustainable.” -Dan Rosensweig, Chegg CEO

Many also are unable to find ways to pay their bills. More than 1 million borrowers go into default each year. By 2023, its projected that 40% of borrowers may default on their student loans.

Chegg’s latest benefit is in addition to the $1,000 cash that its employees with student debt already receive each year. To pay for the program, called Equity for Education, Chegg created an equity pool from its existing stock.

“We’ve got a mess and it’s probably the biggest economic crisis facing this country. And we don’t deal enough with it,” Rosensweig said.

The Santa Clara, California-based company certainly isn’t the only business helping workers with some sort of student loan debt assistance.

Student loan debt

Getty Images

Last year, Fidelity began to offer companies a way to contribute to their employees’ education debt with its Student Debt Employer Contribution program. It now has more than 65 companies that are offering, or in the process of offering, the benefit.

“A growing number of companies are increasingly aware that helping their employees take on the issue of student debt can help improve their overall financial wellness, which can in turn have a positive impact from a business perspective in a host of ways,” said Asha Srikantiah, head of Fidelity’s Student Debt Employer Contribution.

In fact, Fidelity has already seen an improvement in attracting and keeping top talent since it started offering the program to its own employees in 2016.

“For eligible Fidelity employees from 2016-2018, we’ve seen an approximate 75% reduction in turnover in the first year of program participation,” Srikantiah said. “And, according to a recent internal survey, it’s among the top two reasons people decided to join Fidelity.”

Still, the companies that offer this type of benefit remain the minority. About 4% did so in 2018, according to the Society for Human Resource Management.

Chegg’s CEO said his company thought long and hard about how to come up with a program that other companies can copy.

“We wanted to see if we could set an example and create a dialogue,” Rosensweig said.

He’s also hoping the government and colleges take notice of Chegg’s plan and do their part to help with the crisis.

“We are taking our most vulnerable, least financially stable and we’re creating a burden on them that is unsustainable,” Rosensweig said.