The Department of Education has said it wants to review how federal student loans are discharged in bankruptcy. Student loans are currently very difficult to discharge in bankruptcy due to the “undue hardship” requirement. Unlike other forms of debt in bankruptcy, you must first demonstrate that repaying your student loans would make you unable to…
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Why is it Difficult to Discharge Student Loans in Bankruptcy?
Student loan debt in the US has grown to an astonishing $1.4 trillion dollars. While some people have an easy time making monthly payments on their student loans, others struggle or have defaulted. It is commonly believed it is impossible to file for bankruptcy on student loans. However, it is not impossible, just very difficult…
How to Get Rid of Student Debt Through Student Loan Bankruptcy
Student debt has now topped $1.3 trillion. Millions of Americans have had no choice but to default on their student loans, and managing this debt is a burden on our entire country. Student loan debt is a hot button topic right now. Recently, a bill has been introduced by congressman John Delaney that would reform…
Do You Qualify for These Student Loan Forgiveness Programs?
Student loans are one of the biggest burdens on the American economy. There are tens of millions of borrowers with more than a trillion dollars in total outstanding debt. Paying these debts can be a serious drain on your finances. Many don’t know that there are programs out there that will help you eliminate debt…
6 Ways to Avoid Crippling Student Debt
We all know the story of the person struggling to pay off student debt from decades ago. This can leave many jaded about the financial benefits of an education. If you are a high school student or their parent, you might be scared for the future. Here are some tips to help avoid taking too…
How Do Student Loans Impact Young Couples?
The Huffington Post recently had an interesting story about how student loan debt is causing friction for many young couples. According to the new source, studies indicate that student loans are causing conflict for married couples and those who are thinking about marriage. A report in The College Investor indicated that disagreements over finances are…
