More than half of all student loans issued are private student loans.  Despite their cost, lack of deferments for unemployment or disability and their nondischargeability in bankruptcy, private student loans are gaining popularity.  As the price of education rises, many students are depending on private student loans for not only their graduate education; but also [...]

It's an unfortunate reality; but many college students have a disproportionate amount of debt compared with those who are not in college. Even with the recent Credit Card Act, students are still taking on unprecedented amounts of credit card debt , student loan debt and some are even taking the leap to purchase a home. [...]

Since the rise of long-term unemployment, many debtors have turned to higher education as a solution. The result is that Americans now collectively owe $829.8 billion in student loans with an estimated $300 billion of those student loans being incurred in the last four years. And while sensible borrowing for higher education is generally believed [...]

Child Support and High Student Loan Debt Bankruptcy discharges many debts; but there are certain debts such as student loan debt and child support which are generally not dischargeable in bankruptcy.  And while there are some ways to discharge student loans during bankruptcy, it is rare. So How Does One Repay This Debt After Bankruptcy? [...]

Repaying Your Student Loans Post-Bankruptcy Most bankruptcy debtors are unable to discharge their student loans in bankruptcy, that's why creating a viable plan for repaying student loans after bankruptcy is so important. Here's what you need to know: Consolidate Your Student Loans Consider consolidating your student loans under the Direct Loan government plan. If you [...]

For many Americans, the road to bankruptcy often begins with the first day they enroll in college. Student loan debt has become such a common fixture in our country's higher educational institutions that up to 80 percent of college students depend on student loans to finance their college education. How college students can use student [...]

Many students who have recently graduated from the nation's colleges and universities are finding themselves deluged with a massive amount of student loan debt they simply can't afford to pay with all of their other financial responsibilities.  Fortunately, bankruptcy may help them relieve the financial burden student loans cause by making it easier to discharge [...]

Student loans are the bane of many debtors' existence.  Accrued before most debtors reached their 25th birthday, student loans can be like that youthful mistake that you just keep paying for well into adulthood.  While the premise of the student loan system is good, giving low-income and moderate income students the opportunity to attend college, [...]

Student loans have become a hot topic in the past few months. Many legislators want to make it easier to discharge student loans in bankruptcy especially if they are not issued directly through the federal government. For debtors considering Chapter 7 bankruptcy , it is already possible to discharge your student loan debt ; but [...]

Defaulting on Student Loans Many debtors graduating from college are mired in unemployment which is making them unable to repay their student loans and other debts. If a debtor is more than 270 days late on their student loan payment, they are considered in default. What Should I Do if I Default on My Student [...]