There is a strong interest in eliminating or canceling student loans. Getting student loans paid off early may be a tricky one, but not impossible. Blogs & articles on this topic are from a team of experts and bankruptcy law firm. Learn what options you have to take care of student debt. Although you may not directly discharge student loans in bankruptcy, the bankruptcy process can absolutely work to eliminate these debts. Student loan debt is top of mind these days as so many people are looking for ways to get out of it. Large installment debts such as student loans can carry a heavy burden to those who have difficulty finding a good-paying job in their field of study. Educational debt can be especially difficult for a student who leaves college before graduation. Don’t wait for student loan forgiveness because it may never happen. Find out how, by clearing other debts, bankruptcy can get rid of student loans as well.
The perplexity of the student loan debt problem in our country resembles riding a roller-coaster. The ups, downs, twists, and turns can certainly leave a head spinning. The one thing that is clear is that Americans have more student loan debt than any other type of debt. According to the U.S. Department of Education, 94%…
Most students are in hurry to get to college. The problem is that money mistakes can happen quickly, and impact the college-bound student for many years. If the message in this article is spread early enough, it’s possible that we can help a few young students. To make the best financial decisions regarding college student…
The problem with student loans is that they align with the rising cost of education. Because college tuition has increased three-fold in the past forty years, student loans have as well. According to a 2021 Federal Reserve student loan debt report, 26% of student borrowers had other education-related debts besides student loans. Those who have the…
The Wall Street Journal posted an excellent article with the charts below, labeling 2014 graduates as the most indebted class ever. As you can see in the numbers, student loan progression over the past twenty years is staggering. The amount borrowed for college loans continues to widen the gap between income and overall debt load.…
Have you ever wondered what the cost of K-12 public education is in America? According to the National Center for Education Statistics, the average per-student expenditure in public schools is between $5,000 and $15,000. (In Wisconsin, lawmakers estimate $10,000 per student.) Therefore, we can speculate that the average student enrolled in public schools in the…
The number of college graduates with student-loan debt is increasing dramatically. The Project on Student Debt, a nonprofit research and advocacy organization, estimates that the number of college graduates with student-loan debt has increased by nine times since 1996. According to the College Board’s Trends in Student Aid study, the median debt amount for bachelor’s-degree…
