Heather Jarvis

Student Loan Expert. Heather provides free resources and information for student loan borrowers and the people who love them.

[Heather Jarvis @Heather_Jarvis]

@OSBA Thank you, please send donuts. #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

Thanks #OSBA for your dedication to supporting #studentloan borrowers! #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

@SusanVitaz But payments are adjusted according to income each year, and the forgiven amount is taxable as income. #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

@SusanVitaz Repayment is limited to 20 or 25 years at the most (depending on the IDR plan). #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

I love me some @OSBA! #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

Time flies when you're having a #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

@katie_lenski Could be, but check that you have Direct Loans and income driven payments.

[Heather Jarvis @Heather_Jarvis]

@maryaaugsburger People with private #studentloans should check the Promissory Note for a cosigner release provision. #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

@maryaaugsburger Refinancing private loans is an option for people with strong incomes and credit. #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

@SusanVitaz Public Service Loan Forgiveness isn't taxable but long term forgiveness is taxed as income. #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

@SusanVitaz Unfortunately there isn't a rock solid guarantee, but it would be unprecedented. #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

@SusanVitaz Changes made by congress are most likely prospective and unlikely to apply to existing borrowers. #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

@SusanVitaz So yes, the date is in flux and can't be determined without knowing how your income will go.

[Heather Jarvis @Heather_Jarvis]

@SusanVitaz The amount of time to repay under IBR depends on your income over time.

[Heather Jarvis @Heather_Jarvis]

@mgquick @OSBA You can't consolidate private #studentloans into a Federal Consolidation Loan, unfortunately. Let's ask @realDonaldTrump!

[Heather Jarvis @Heather_Jarvis]

@mgquick @OSBA If you have both federal and private #studentloans they will require separate payments.

[Heather Jarvis @Heather_Jarvis]

Cost estimates for the Income Driven #studentloan Repayment plans aren't reliable: https://t.co/bpC7eLKeAO #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

@realDonaldTrump has indicated that he supports #studentloan payments of 12.5 percent and forgiveness after 15 years. #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

@ToddBook Private refinancing can be option for some borrowers, but beware about giving up valuable consumer protections. #studentdebtchat

[Heather Jarvis @Heather_Jarvis]

@ToddBook There isn't any way to lower interest rates within the federal #studentloan system. Consolidation doesn't do it. #studentdebtchat