Student Loan Default Rates
We’ve all heard about colleges encouraging students to go into debt for degrees that fail to equip students to repay the debt. Government loans balloon the default, which taxpayers ultimately repay. But, you can be sure the servicers find such penalties highly profitable. The default charges include a 25% penalty when the lender first declares […]
Government Student Loan Garnishments and Collections
Don’t take our word for it! According to a Wall Street Journal Article by Josh Mitchell on April 7th, 2016 over 43% of student loan borrowers don’t make full repayment on their student loans. With 1.3 trillion currently owed in student loan debt, that number has serious meaning. 3.6 million borrowers are in default (12 […]
Student Loan Bankruptcy Qualifications
Yes, it is hard to bankrupt student loans. In fact, we think that some judges go beyond the standard. Also, federal bankruptcy courts sometimes grant bankruptcy student loan discharges based on section 523(a)(8)’s “undue hardship” standard. However, while some courts allow attorneys and doctors to discharge a student loan, others are harsh. Student Loan Bankruptcy […]
Chapter 7 Student Loan Hardship Discharge
Chapter 7 student loan bankruptcy hardship discharges are hard but not impossible to get. A Chapter 7 debtor must prove the following: Every option has been taken to attempt to repay the student loan. No disposable income exists to repay the student loan. There will never be a disposable income to repay the student loan. […]
How to stop student loan collections and garnishments with Bankruptcy
You can stop student loan collections and garnishments with bankruptcy. Student loan collections will stop for about 4-6 months with Chapter 7 and either 3 or 5 years with Chapter 13. This article is a handout I give to my bankruptcy clients which explains how to handle your student loans. The idea is to survive […]
Kentucky Student Loan Attorney
Nick Thompson did the webinar and contributed to the book used by lawyers to battle student loans. He was able to obtain a discharge of his own student loans using his system. Need Help with a Specific Student Loan Problem? We offer several services at additional cost, and among these are: Getting you out of […]
