“It was like a five-ton elephant being lifted off your shoulders,” she says. The experience wasn’t only like seeing “the light at the end of the tunnel, but I survived the tunnel.”
First, it was Somer Givens’ chance to rejoice. She was shocked, sent out a flurry of texts to friends and family. She even broke out in song.
A temporary offshoot of the Public Service Loan Forgiveness program might have suddenly plucked away $161,000 debt, but it felt like a lot more, said Somer, 41, a research analyst in the student-affairs department at Auburn University. Studentloanplanner.com, a financial coaching company that provides information on ways to tackle student loan debt, first reported on the Givens’ path to loan forgiveness.
‘I was thinking we were young and in love. Love would cover finances for us.’ — Somer Givens At first, they didn’t talk too much about how to make the finances work. “I was thinking we were young and in love. Love would cover finances for us,” Somer said. Don’t miss: This former Trump official has a lot in common with Elizabeth Warren and Bernie Sanders on wiping out student debtTrent saw a headline on the new program and called his servicer to find out how to enroll. But there was little information on the specifics, he said. “You had to trust what the people on the phone were telling you,” Trent said.Around four or five years later, Trent’s loans were switched to a new loan servicer. It was a good time to check the status, he thought.
At a recent Congressional hearing, one New York City public-school teacher testified, “I was lied to several times. Directly lied to,” she said of her loan servicer. So that’s what Trend did. He applied for the temporary program. After that, he contacted his new servicer, FedLoan, three times to see if he put in enough payments yet.
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