Required

Student Loans

Three Reasons Parents Should Think Twice Before Taking Out Student Loans For Their Kids

The government just released a report saying that 7 out of 10 high school graduates will go on to college.  That's up from 6 out of 10 in 2001.  Unfortunately, while the number of...

Three Reasons Why Private Student Loans Should Be Dischargeable In Bankruptcy

The "Private Student Loan Bankruptcy Fairness Act of 2010" was introduced in the House on April 15th  and if passed into law, it could make it easier for debtors who have private student loan...

Sallie Mae Blames New Student Loan Law For Job Losses

Sallie Mae announced that a new law cutting out private lenders in the federal student business and stricter underwriting rules for private student loans will cost the company 2500 jobs. The law strips the...

Allmand Law Firm
May 27, 2010 Economy, Student Loans

House And Senate Consider Bankruptcy Relief For Private Student Loan Borrowers

The House and Senate are reviewing legislation that could allow bankruptcy courts to treat private student loans like other unsecured debt such as credit cards, which could mean that borrowers would have the ability...

Chapter 13 Bankruptcy And Student Loan Discharge

In the Chapter 13 bankruptcy case of Cassim, Jennifer D.; In re (Cassim v. Edu­cational Credit Management Corp.), the 6th U.S. Circuit Court of Appeals ruled that a Chapter 13 bankruptcy debtor did not...