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PSLF Application and the Big Bug

It's here! Finally! The long awaited application for Public Service Loan Forgiveness (PSLF). True to Dept. of Ed fashion, it has one big bug in it. The kind that you don't want to step on because you know it'll be messy. But first, lets discuss what PSLF is, and then we can look at the form. What . . .
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ITT Loan Escape Plans

If you're an ITT student, or know one, you know that ITT is closed effective September 6, 2016. No matter how it went down, the question you want answered now is what to do about your student loans. The short answer is, I really don't know. What follows is my suggestions, as The Student Loan Lawyer. . . .
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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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This is the end…

I pondered all the songs that could be appropriate for this post - ding dong the witch is dead, deadman's party, celebration time, the list goes on.  But in the end, sing what you want, because it appears the death knell is ringing.  Corinthian colleges is on its way out. Corinthian Colleges I . . .
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Student Loan Debt Crisis Symposium Review

This past Friday I attended the ABI's (American Bankruptcy Institute) Student Loan Debt Crisis Symposium.  It was...um...interesting.  I say that because I came in with a unique perspective, being in the trenches and all.  For me, it was more review and less of an informative or "problem solving" . . .
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Student Loans and Military Personal

Yesterday was Memorial Day, so it is only proper that I discuss protections from student loans for those who serve our country. SCRA The Servicemembers Civil Relief Act has many provisions that apply to many other debts besides student loans.  The important one here is the interest rate cap.  All . . .
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Dear ED: Clarify Undue Hardship

On May 16, 2014, seven Congressmen/women sent a letter to Secretary of Education, Arne Duncan, asking for clarification of "Undue Hardship" to allow Federal student loans to be discharged in bankruptcy.  The signers of the letter were Senators Dick Durbin (D-IL), Jack Reed (D-RI) and Elizabeth . . .
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“Bank on Students Emergency Loan Refinancing Act” in Plain English

Yesterday, Senator Elizabeth Warren (D-MA) introduced legislation aimed to help level the playing field for student loan borrowers.  The main goal is to lower interest rates on ALL student loans (Fed and Private) to a fixed amount for the duration of the loan term.  The theory being that if interest . . .
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