student loans

Some Debts That Bankruptcy Won’t Eliminate

09/20/11

The Limits of Bankruptcy Relief Under the right circumstances, filing for bankruptcy can provide great relief to a family or an individual struggling with debt. Assuming you qualify, chapter 7 bankruptcy can completely eliminate credit card debt, medical bills and afford an opportunity to get out from under a troubled mortgage. However, bankruptcy relief is [...]

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Student Loans: Until Death Do Us Part

08/13/11

It is not unusual in my practice to see student loan debts well in excess of $100,000 and clients that have minimal prospects for ever paying back the debt. Since the standard for discharge of these debts in bankruptcy is so high (see article below), often I find clients who have resigned themselves to owing [...]

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Befuddled by Student Loan Consolidation

08/03/11

It is a harsh reality of today’s post-collegiate environment – two-thirds of all students now graduate with burdensome debt that can follow for many years to come. Following a recent news story on CBS Evening News, a comment was made that a student CAN have their federal student loans discharged in a Chapter 7 bankruptcy [...]

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Income Based Repayment Program for Student Loans

08/02/11

New Program for Repayment of Federal Student Loans Student Loan options are few and far between for those with more debt than they can afford. Bankruptcy options are also quite limited for those in districts setting the “undue hardship” hurdle too high. Before we get to the light at the end of the tunnel student [...]

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For-Profit Higher Education Industry Sues to Block Weak “Gainful Employment” Rule

07/27/11

Last week the Association of Private-Sector Colleges and Universities (aka the Career College Assn.) filed suit in U.S. District Court in Washington, D.C., to block enforcement of the U.S. Dept. of Education’s “Gainful Employment” regulation, issued in June.

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Quoted In The New York Times: Student Loans And Bankruptcy

06/07/10

New York Times columnist Ron Lieber writes about student loans and bankruptcy in his Your Money column this week. Ron spotted this post from A Clean Slate about how student loans are like a tattoo and called me to chat about it. Ron happens to know me from years ago so this was a good opportunity to catch up on things.

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Quoted In The New York Times: Student Loans And Bankruptcy

06/07/10

New York Times columnist Ron Lieber writes about student loans and bankruptcy in his Your Money column this week. Ron spotted this post from A Clean Slate about how student loans are like a tattoo and called me to chat about it. Ron happens to know me from years ago so this was a good opportunity to catch up on things.

[more]