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Student Loan Bill of Rights

On March 10, 2015, President Obama introduced the Student Aid Bill of Rights; another executive action to deal with student loan debt. Read the official Memorandum. Let's take a look at some of the details. State-of-the-Art Complaint and Feedback System The President is requesting a "simple . . .
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Bankruptcy is not the answer…or is it?

When it comes to student loans, bankruptcy tends to be useless. But not always. Sometimes it can help. Sometimes it can hurt. Let's take a deeper look. Bankruptcy Helps If you have a federal student loan with a wage garnishment or social security offset, a bankruptcy can offer protection. Once a . . .
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Fear not the Difficulty of Discharging Student Loans in Bankruptcy

True or false? Discharging a student loan in bankruptcy is insanely difficult. If you answered, you're correct. True Because perception is often reality, and the perception is that discharging student loans in bankruptcy is difficult, most folks believe this, attorney and non-attorneys alike. . . .
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For-Profit School Status Report

For-profit schools are often in the news, especially when discussing student loan debt.  It's a statistical truth that their students have a higher rate of default, a higher drop-out rate, and more often require private student loans.  These students are also more often sub-prime borrowers.  Lets . . .
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The Problem with Senator Warren’s Student Loan Bill

Senator Warren’s bill failed to gain enough support to move on from the Senate. Now that it's dead, let me tell you why I’m glad for that. This bill is a bad idea. It does little to help already struggling borrowers, and hurts more than most folks realize. Further, with President Obama’s recent . . .
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How Bankruptcy May Cause More Student Loan Problems

Beware the trip wire of default when filing for bankruptcy. When you file for bankruptcy, all collection activities must stop against you. For Chapter 13 bankruptcy cases, that protection from collections extends to co-signers and guarantors on your loans. This important consumer protection, . . .
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