A recent decision in the Fifth Circuit Court can change the fate of private educational lenders. In Crocker v. Navient Solutions, the court upheld a decision by the Southern District of Texas that not all private educational loans are not exempt from discharge.   Two different cases resulted in student loans from Navient being discharged  … Read more

Many students take loans to cover their full cost of attendance at school. However, your monthly loan payments depend on the money you borrow now, the more you choose, the higher you pay. That is why it is essential to compare and study your options before taking out student loans best suited for your needs.  … Read more

A recent decision in the Fifth Circuit Court can change the fate of private educational lenders. In Crocker v. Navient Solutions, the court upheld a decision by the Southern District of Texas that not all private educational loans are exempt from discharge in bankruptcy. Two different cases resulted in student loans from Navient being discharged  … Read more

According to the Student Loan Marketing Association (Sallie Mae), the organization that administers the government’s insurance program for education lenders, most courts are reluctant to discharge student loans. Undue Hardship Your student loans may be discharged if you can prove that paying them creates an “undue hardship on you and your dependents”, but this is  … Read more

If you remember, the ITT Technical Institute was a for-profit technical college that declared bankruptcy in 2016, closing campuses in Texas and across the rest of the country. Recently, nearly 750,000 students who took out student loans to attend ITT Technical Institute, received an early Christmas present in the last week of November 2018. After  … Read more

In big news, the Federal Trade Commission announced a sweeping round of student loan debt relief scam settlements this week as it continues its crusade to crack down on predatory lending activities. The FTC claimed that several student loan debt organizations misrepresented themselves in order to obtain upfront fees while falsely claiming to enroll them  … Read more

Student debt among Americans has skyrocketed over the past decade. Growing by 130% since 2008, student debt has become the #2 largest debt in the US, second only to mortgage debt. In a recent report, Millennials coming out of college are being affected by student loan debt, by having to put off starting a family,  … Read more

If you live and work in Texas and owe money on your student loan debt, you should be aware that your ability to earn could be in jeopardy. Texas state law, along with 17 other states have statutes on the books that allow licensing organizations to deny your professional license if you fall behind on  … Read more

Student Loan debt in America is the highest it’s ever been with debts owing $1.3 trillion in outstanding student loan debt, affecting 44 million borrowers. With student debt now ranking 2nd among overall consumer debt in the US, doesn’t it make sense that you’d be able to discharge student loan debt in bankruptcy? Unfortunately, numerous  … Read more

The Department of Education may be getting prepared to influence new rules allowing bankruptcy to eliminate student debt. This news will surely come as a hopeful relief to borrowers struggling with student debt. In an announcement this week the Education Department stated that it would be reviewing the ability for student loans to be discharged  … Read more