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As you may have heard, there is lots of talk in Congress about some student loan forgiveness.
No one knows the details yet of how this would work or even it would happen, but my guess is they would not give it to people with FFEL loans since the government doesn’t own those loans like they do with Direct loans.
To give yourself the best shot of any loan forgiveness Congress may offer, it may make sense to switch over any FFEL loans have to the Direct loan program ASAP. This is because Congress may impose some sort of restrictions on the forgiveness that you needed to have had Direct Loans as of a certain date to be eligible.
This can be a complicated decision and process so if you have any questions or want help, please let us know. We would love to discuss your student loans with you and see what is best for your situation.
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Email: switter@lincolninvestment.com
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