We frequently meet clients who took out student loans to fund their education and now have regrets about that decision because of the overwhelming amount of debt they incurred. Many ask if student loans can be discharged in bankruptcy and whether we can provide strategies to help people pay them off in a timely fashion.
Here are some suggestions to help you gain a better understanding of student loan debt:
Can Bankruptcy Discharge My Student Loans? We often see clients that owe $50,000 - $250,000 in student loans, which they are hoping to discharge in bankruptcy. The infographic within this post that takes a closer look at the trillion dollar federal student loan bubble.
Ways to Handle Overwhelming Student Loans This podcast includes information about the state of student debt, and solutions both within and outside of bankruptcy.
I Can’t Pay My Student Loan Debt. Can Bankruptcy Help? Here are a few options to consider if you are struggling to make monthly payments on your loans.
Can Bankruptcy Help With Student Loans? What should you do if you have too much student loans and do not have any realistic hope of ever repaying?
Beware of Student Loans A checklist of things to consider before going into debt.
Senate Hears Testimony on For-Profit College Rules Information about the Senate hearings about for-profit colleges and their abusive lending practices.
A Case Against Borrowed Education “Buyer beware” when it comes to students and parents borrowing money for student loans.
Another Step Towards Getting Rid of Student Loans Through Bankruptcy A look at H.R. 5043, the Private Student Loan Bankruptcy Fairness Act.
Bill to Allow Discharge of Student Loans Rep. Steve Cohen, D-Tenn., held a hearing on legislation (H.R. 5043) that would allow for the discharge of privately issued loans.