Chapter 13 Bankruptcy and Student Loans

Sawin & Shea

Student loan debt can be crippling. Trying to put money towards a house or a car, as well as paying all of your other bills on top of student loan debt, is often exhausting and can sometimes feel impossible. How Does Student Loans Bankruptcy Work?

PHEAA Announces Exit From Servicing Federal Student Loans

Account Recovery

The announcement affects about 9 million individuals … The post PHEAA Announces Exit From Servicing Federal Student Loans appeared first on AccountsRecovery.net. Student Loans Elizabeth Warren PHEAA Richard Cordray

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Another Student Loan Servicer Opts Out of Working for Federal Gov’t

Account Recovery

For the second time this month, a company that services federal student loans has announced it will not extend its contract with the Department of Education, choosing instead to focus its resources on its own private student loan product.

How to Go Back to School With Defaulted Student Loans

Nerd Wallet

If you need solutions for your student debt: Find help: Options for legit student loan help resources and organizations to contact. Pause payments: Find out the differences between student loan forbearance and deferment. Loans Student Loans

Federal Student Loan Interest Rates to Increase July 1

Nerd Wallet

Federal student loans will be more expensive for 2021-22 school year. Even so, borrowers will still see some of the lowest student loan interest rates of the past decade. Interest rates for new undergraduate federal student loans will rise from 2.75% to 3.73% for 2021-22.

Majority of Americans in Favor of Student Loan Forgiveness: Survey

Account Recovery

A majority of Americans are in favor of blanket student loan forgiveness, according to the result of a nationwide survey released last week. Student Loans Student Loan Debt Cancellation

Colo. AG to Hold Meeting to Discuss Rules Related to New Student Loan Servicing and Collection Law

Account Recovery

The Attorney General’s office of Colorado will be holding a virtual meeting next week to discuss components of a new student loan servicing and collection law and draft rules that it has issued which are open to feedback from interested stakeholders.

Can You Pay Off Student Loans in One Lump Sum?

Nerd Wallet

You can use a lump sum to pay down or pay off student loans. There are never any penalties for prepaying federal or private student loans. You’ll save time and interest if you can pay off student loans in one lump sum. Loans Student Loans

If a Stranger Offers You Student Loan Forgiveness, Hang Up

Nerd Wallet

Student loan scammers have a brand-new hook: “Biden student loan forgiveness” or “stimulus forgiveness.” The extended pause on federal student. The article If a Stranger Offers You Student Loan Forgiveness, Hang Up originally appeared on NerdWallet.

Cordray Shares Plan for Holding Student Loan Servicers Accountable

Account Recovery

Richard Cordray, the former Director of the Consumer Financial Protection Bureau who is now running the federal government’s student loan program, sat down for an interview with the Washington Post that was published a few days ago.

Adam Minsky, Student Loan Lawyer Review: Student Loan Help

Nerd Wallet

To help student loan borrowers avoid scams, NerdWallet is rounding up information on legitimate sources of help, like this one. Minsky, student loan law. Mission statement: Attorney Minsky is dedicated to helping student loan borrowers and their families.

Is Student Loan Discharge in Bankruptcy Possible?

Luftman, Heck & Associates.

You’ve probably resigned yourself to paying your student loans for decades. Bankruptcy can help with a credit card, medical, mortgage, and other debts, but not with student loans. Historically, private and federal student loans can’t be canceled by bankruptcy.

Stanley Tate, Student Loan Lawyer Review: Student Loan Help

Nerd Wallet

To help student loan borrowers avoid scams, NerdWallet is rounding up information on legitimate sources of help, like this one. The article Stanley Tate, Student Loan Lawyer Review: Student Loan Help originally appeared on NerdWallet. Loans Student Loans

Pros and Cons of Income-Driven Student Loan Repayment Plans

Credit Corp

Student loans are by far some of the biggest issues most students are facing today when it comes to finances. Luckily, students have the option of taking out income-driven student loans though these can also have their downsides.

Student Loans vs. Financial Aid

Credit Corp

As of early 2020, student loan debt in the nation had reached more than $1.5 More than 44 million individuals have student loan debt, and the average person with student loans owes a bit over $32,000—which is more than half of the average household income in the United States.

Can I Consolidate Student Loans While Still in School?

Nerd Wallet

Current college students can’t consolidate their federal student loans while they’re still in school. Consolidation involves combining all of your loans into one single loan through the U.S. The article Can I Consolidate Student Loans While Still in School?

Calls to Cancel Student Loan Debt Strengthen

Account Recovery

There is growing sentiment within Congress, the Biden administration, and the general public for some or all of existing student loan debt to be wiped out, according to a published report and the results of a recently released poll. Student Loans

Appeals Court Rules Some Private Student Loans can be Discharged in BK

Account Recovery

Compliance Student Loans Bankruptcy Homaidan v.

Proposed Colo. Student Loan Collection Overhaul Being Considered

Account Recovery

Student Loan Collection Overhaul Being Considered appeared first on AccountsRecovery.net. Compliance Student Loans Colorado Colorado Student Loan Servicers Act Sen.

TISLA Review: Student Loan Help

Nerd Wallet

To help student loan borrowers avoid scams, NerdWallet is rounding up information on legitimate sources of help, like this one. Organization: The Institute of Student Loan Advisors. The article TISLA Review: Student Loan Help originally appeared on NerdWallet.

Student Loan Collection Bill Introduced in Colorado Legislature

Account Recovery

Legislators in Colorado are moving forward with a bill aimed at overhauling student loan collection in the state, which, if enacted would create several conflicts with the Colorado Fair Debt Collection Practices Act for debt collectors.

How to Apply for Student Loan Forgiveness

Better Credit Blog

Student loans are a pressing issue for so many people who have put themselves through college and other higher education. Luckily, there are options for student loan forgiveness—which can wipe away some or all of what you owe. What is student loan forgiveness?

Minnesota AG Settles with Student Loan Debt Relief Company

Account Recovery

… The post Minnesota AG Settles with Student Loan Debt Relief Company appeared first on AccountsRecovery.net. Compliance Student Loans Debt Relief Debt Settlement Keith Ellison Minnesota

How Many Americans Have Student Loan Debt?

Nerd Wallet

About 43 million Americans have federal student loans, according to the most recent data from the U.S. That means about 1 in 8 (12.9%) people in the United States carry student loan debt, per an analysis of census data. Total outstanding student loan debt is $1.74

Cordray Tapped to Run Federal Student Loan Program

Account Recovery

Yesterday, it was announced that Richard Cordray — the former director of the Consumer Financial Protection Bureau — has been hired as the Chief Operating Office of the Department of Education’s Federal Student Aid, which oversees $1.6 trillion of student loans.

FTC Bans Operators of Student Loan Debt Relief Scam

Account Recovery

The Federal Trade Commission has banned those behind a student loan debt relief scam from providing debt relief services as part of a settlement that the agency announced earlier this week.

Can Student Loan Forgiveness Still Happen?

Nerd Wallet

Each passing day brings 43 million federal student loan borrowers closer to resuming the payments that have been paused since March 2020 — and further from the chance that life-changing loan forgiveness is coming anytime soon. Student debt, now at $1.7 Loans Student Loan

Can I Consolidate My Student Loans More Than Once?

Nerd Wallet

Find the latest on $10,000 debt cancellation: Updates on Biden student loan forgiveness plans Paused student loan payments: Details on the federal student loan forbearance Details on free college: White House proposes free college tuition.

Ed. Dept. Expands Moratorium on Collection of Defaulted Student Loans

Account Recovery

Expands Moratorium on Collection of Defaulted Student Loans appeared first on AccountsRecovery.net. Student Loans Department of Education Federal Family Education Loan FFEL Miguel Cardona

What No Student Loan Payments Until 2021 Means for You

Nerd Wallet

You don’t have to make another federal student loan payment in 2020. Federal student loan borrowers were already in an automatic interest-free pause on payments as part of the original coronavirus relief bill, known as the CARES Act. Loans Student Loans

Bill Introduced to Forgive Student Loan Debts for Frontline Healthcare Workers

Account Recovery

A bill has been introduced in the House of Representatives that seeks to cancel any outstanding student loan debt for frontline healthcare workers. 2418, called the Student Loan Forgiveness for Frontline Health Workers Act, was introduced yesterday by Rep.

What’s the Average Student Loan Debt for a Bachelor’s Degree?

Nerd Wallet

The average loan debt for a bachelor’s degree among the class of 2019 was $28,950, according to the most recent data available from The Institute for College Access & Success. The article What’s the Average Student Loan Debt for a Bachelor’s Degree? Loans Student Loans

Fiery Senate Hearing on Student Loans

Public Citizen

There's a lot in the article worth reading, but here's a short excerpt: Senator Warren opened the hearing by highlighting how student loan debt exacerbates the racial wealth gap, noting that, “After 20 years, the median Black borrower still owes 95% of the original amount borrowed." Navient has come under withering criticism for its student loan practices. Consumer Legislative Policy Student LoansForbes has an account here.

Federal vs. Private Student Loans: What Are the Drawbacks?

Nerd Wallet

And if you’ve already exhausted free aid through the Free Application for Federal Student Aid, or FAFSA, and taken advantage of grants and scholarships, you might be looking at student loans to fill the gap. Borrowers typically have two options for student loans: federal and.

College Going Online? Student Loans Still Cover Living Costs

Nerd Wallet

Student Loans Still Cover Living Costs originally appeared on NerdWallet. Loans Student LoansAttending college from a laptop in your childhood bedroom might not be the experience you had in mind.