FFEL Spousal Consolidation Loans

Hello. I’m new here but wanted to reach out and see if anyone here has FFEL Spousal Consolidation Loans (student loans)? These loans are the worst of the worst (the “red headed stepchild of all loans” a loan advocate once told me). When Obama Admin shuttered the FFEL department folks with consolidation loans were left in limbo. We cannot “reconsolidate” into direct loans, we cannot qualify for public service loan forgiveness, the loan can NEVER be separated (even in divorce, spousal abuse, etc) you still have this loan with your partner. There are bills in congress to address this problem but they go nowhere. If ever there was a reason to cancel all student debt this loan is the poster child. Anyway, looking to gather voices… I know there are still a lot of us FFEL Spousal Consolidation loan debtors out there even though they stopped making these loans in 2006. Give me a shout. thanks, Rusty.

Here is an article indicating that as of October, owners of FFEL loans can qualify for PSLF forgiveness.

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Oh wait, I may have misread that.

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Yeah, this indeed does say that those with FFEL Spousal Consolidation loans are still left out of PSLF. That is why I was hoping to gather together some people like me who have these loans to see if we could collectively work on putting pressure on congress people, testify at DOE listening sessions, etc. There are bills in both houses of congress but because it is congress they are going nowhere. This from sponsor in Senate, Mark Warner (D-VA) about victims of domestic abuse not being able to separate these loans between them and their abusers: : "Victims of domestic violence who flee their dangerous living situations shouldn’t find themselves burdened with their partner’s debt when trying to move forward with their lives. Unfortunately, that’s the reality for some Americans who are stuck with joint consolidation loans,” said Warner. “This commonsense bill would help a vulnerable population who’s been unfairly held responsible for their former partner’s debt, by giving them the ability regain their financial independence.”

Hello, there is a group of us hunkered down in the Public Service Loan Forgiveness Support Group FB group, which has been a punishing experience as people have posted their forgiven amounts and refund checks. But, it has been a good collection point for folks in similar situation. I have been pulling people and organizing a group of Spousal Consolidation debtors with both FFEL and Direct loans. We are a small group, but slowly growing. We are constructing a form letter to distribute across both chambers and their education and labor committees. We’re also exploring alternative avenues. I have loosely partnered with a journalist and advocate. Plan is to break out with our own group very soon to gain better visibility and allow folks from this group to better communicate with us. We’ve had a couple teleconferences and have some things in motion. You can join the PSLF group or just send an email to spousalconsolidation.douspart@gmail.com to get put on the the group roster. We need as many folks in this situation as we can find to join forces.