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How Do I Discharge Student Loans Via Bankruptcy?

By |August 28th, 2015|Bankruptcy|Comments Off on How Do I Discharge Student Loans Via Bankruptcy?

How To Get Student Loan Bankruptcy

We read that student loans are not forgivable in bankruptcy court all the time. That is the truth for 99% of student loan holders who are filing bankruptcy. Bankruptcy courts are not forgiving of student loans.   But there have been cases where the borrowers have shown “undue hardship” in repayment of the loans in severe circumstances. One case was of a man who suffered a brain injury and could not work. He filed bankruptcy and the court found that he was not ever going to be able to pay back the loan, much less be able to support himself. Another case cited was of a homeless woman, well educated, but in a situation where she would not be able to pay back the loan. So, unless you are physically unable to work and can not see a foreseeable future to be able to pay back the loan, it is unwise to file for bankruptcy. […]

By |December 5th, 2013|Bankruptcy|0 Comments

What Are My Chances Of Getting That Student Loan: Credit Criteria

With so many lending companies out there competing for your business, it's easy to fall into a false sense of security about the requirements of getting a loan. Frequently prospective students are inundated with advertisements of money that sound like they’re giving it away for free. If only this were true! Loan candidates should always remember that with few exceptions (like some federal loans); even the least restrictive program will look at that same set of credit criteria for student loans. […]

By |August 29th, 2013|Bankruptcy|0 Comments

Myths about paying down your student loan fast

Right now there are several myths about paying down your student loan fast. Recently an article was published about a young graduate from Harvard Business School, Joe Mihalic, who payed off his $90,000 in student loan debt in the relatively short time of 7 months. Of course, many people were immediately interested to hear how he did it: After all, we've got more than 37 million people in the United States who are currently buried under an average undergraduate student loan debt of $25,000, and for those who are struggling with graduate school debt that number jumps up to more than $40,000. Not exactly the ideal situation when one is just beginning a new life, when one is just starting to earn money. […]

By |November 1st, 2012|Pay Off Student Loans|0 Comments

Certified Private Loans

Today, as more and more students are going to school, whether it be for the first time or they are going back, it is becoming increasingly difficult to pay for the cost of secondary education. There are many different options, such as scholarships, grants, federal student loans, and private student loans. This article will discuss what a certified private student loan is and whether or not it is a good resource to use to fund your education. […]

By |October 14th, 2012|Types of Loans|0 Comments

Student Loan Default Explained

Student Loan default occurs when the borrower has missed payments. The number of payments it takes to go into default will vary by lender. If your student loans are federal, default occurs after nine months of missed payments. However, with private loans default can occur after missing just one payment. Default can also occur if the borrower’s agreement is violated in any way. This includes starting bankruptcy procedures. As soon as a loan goes into default the entire balance is due at once. The consequences of default can be severe but hopefully this article will show you how to avoid it. […]

By |September 23rd, 2012|Default|0 Comments