[1] With notable exceptions, student loans must be repaid, in contrast to other forms of... Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows...
fees with payment apps ‘Ghosting’ gets more common in the job market Previously, it was... of student loans in bankruptcy. Borrowers needed to prove “undue hardship,” or a...
Your credit score will likely decline significantly after filing for bankruptcy.10 Filing an Adversary Proceeding With student loans, you must take the additional step of filing an...
A federal consumer watchdog just hit a major student-loan company with a new lawsuit. On... private student loans after a bankruptcy proceeding between 2017 and 2021, and 177 of them were...
You've probably heard it before a few dozen times: Your student loans are not dischargeable in bankruptcy. That's been true ever since 2005 when the Bankruptcy Abuse Prevention and Consumer Protect...
Here's what borrowers need to know about how to file bankruptcy on student loans.
The Biden administration is reportedly considering expanding its efforts at targeted student debt forgiveness into a broader policy whereby “at least” $10,000 (some have advocated for up to $50,000) in student loans per borrower, possibly subject to an annual income cap, would be eligible for cancellation. There is a rough consensus that rising levels of student-loan debt are a problem, and proponents of debt relief note the aggregate amount outstanding has increased by roughly two-thirds over the past 10 years to a total of some $1.7 trill ...
Navient settled a lawsuit with borrowers who alleged the company illegally collected on private student loans by falsely telling borrowers that their loans were not discharged in bankruptcy.
Bankruptcy filings for student loan debt is an option, but more like a "Plan Z" strategy, according to one lending expert who spoke with Newsweek.
discharge student loans in bankruptcy cases. Developed in coordination with the Department of Education (Education), this Guidance will enhance consistency and equity in the handling of...