🤔Can private loans be cancelled too?

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Welcome to the 210 new readers this week! They've joined 13,506 readers getting B.S-free student loan news.

Hey friends,

No video walkthrough this week. But don’t worry, I’ve still got plenty to share.

Let’s get into it.

• 😳 Breaking: MOHELA caught in a huge scandal (link)

• 🙏 Miguel Cardona responds to forgiveness critics (video)

• 🩺 Medical students in the Bronx get free tuition forever (link)

• 🚪Are you one step away from federal forgiveness? (video)

• ⏯️ New video for private loan borrowers (video)

• 👩‍👧‍👦 We answer common Parent PLUS and SAVE questions (video)

• 💸 Giveaway reminder: win a 1:1 call with me (worth $200) (link)

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📰 This week’s stories

•  🚨 Breaking: MOHELA tried to block forgiveness for millions
  About an hour ago, this press release dropped revealing that MOHELA played a central role in blocking the Biden’s first forgiveness plan, and that the servicer has been deliberately deflecting calls from customers. What does this mean for MOHELA customers? I’m not sure yet. But I’ll share more as this story develops.
  Read the story

• 🙏 Miguel Cardona responds to forgiveness critics
  Yesterday our Education Secretary appeared on Good Morning America to talk SAVE, forgiveness, and Biden.
  
  When asked to respond to forgiveness critics, Cardona reminded us they’re not just “cancelling debt”—they’re fixing a broken system and building one that makes college affordable and accessible.
  
  To add to that: When people are burdened by loans, they can’t really participate in anything that fuels the economy—investing money, starting a business, buying a home. They’re stuck. Freeing them from debt (that’s often mostly interest, anyway) can benefit the person and the economy at once.
  Watch the video

• 🩺 Medical students in the Bronx receive free tuition
  This is a really cool story. The best part is that this $1 billion dollar gift is projected to fund tuition forever. This could actually let doctors make career choices based off what’s best for the country, not what will help them pay off their loans. And with any luck, this could lead to a higher standard of healthcare.
  Read the story

• 🚪Are you one step away from federal forgiveness?
  If you missed last week’s video, here’s what you need to do to benefit from the one-time account adjustment and get your 20-year-old loans forgiven:

  1. Make sure your loans are owned by the Education Department. See how

  2. If they are owned by the ED, and you’ve had them for 20+ years, hang tight. You’re on track for forgiveness.

  3. If you have commercially held FFELP Loans, Perkins Loans, or HEAL loans, you should consolidate.

  Read about the IDR Account Adjustment

• ⏯️ New Video: How to get rid of private student loans
  Private borrowers, I feel your pain. You don’t have as many options as federal borrowers. But here’s what you can do…
  Watch the video

• 👩‍👧‍👦 We answer Parent PLUS and SAVE questions
  In this Q&A Friday session, I give 52-year-old Pat some advice on making her Parent PLUS loans more affordable and getting access to the SAVE plan.
  Watch the video

• 💸 Giveaway reminder: win a 1:1 call with me (worth $200)
  $200 isn’t always easy to come by. That’s why I’m giving away a free consultation call to one of you. To enter, refer one person to this newsletter.
  1 referral = 1 entry.
  Enter the giveaway
  

🤩 Ask me anything

Every week, I share an entire video where Emma and I answer your questions. Got something you want me to answer in the next few weeks?

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• 1 referral: 1 x Entry into a giveaway for a free 1:1 call with me, Tate

• 10 referrals: I’ll answer your specific student loan question privately over email (the next best thing to a 1:1 session)

• 20 referrals: A free, 20-minute consultation with me (worth $200)

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I hope you found something here useful. See you again next Wednesday!

Take care,

Tate