Until 2005, students could freely file bankruptcy and discharge private student loans. Additionally, prior to 1998 student loans could go into bankruptcy 7 years after they became due. However, since 2005, the bankruptcy options on student loans are cut down to discharging the debts only if they meet the qualifications for a hardship discharge. There…
Both the IRS and Government guaranteed student loans can perform paycheck garnishments without going to court. But bankruptcy can stop the paycheck garnishments even if they are priority debts or they are not dischargeable. In fact, the IRS and Department of Education can issue the orders even in states that don’t allow garnishments. However, Chapter…
Private student loans must go to court to garnish wages. Many defenses exist to defeat their lawsuits, such as the statute of limitations. But federal student loans have the right to start a garnishment without going through the first step of filing a lawsuit. Also, there are statutes that avoid many defenses like the statute…
Can you believe it?! DOE gives out Student loans for prisoners and the dead. Additionally, what is happening is that since 2018 the Department of Education has not given out death and disability discharges. However, the facts are that the Department of Education gives fraudulent student loans to convicts in prison or people pretending to…
The US Department of Education offers a student loan disability hardship due to permanent and total disability. The US Department of Education defines total and permanent disability as the inability to work and earn money because of an injury or illness. The illness or disability must continue indefinitely or result in death. First, to qualify,…
Did you know that student loan bill collectors are often paid over $100,000 a year to put you into loans and rehabilitation programs that are neither reasonable nor affordable? In fact, student loan collectors are paid like the mortgage industry servicers who violate the law and regulations. Student loan collectors are paid by charging fees…