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

College student loan debt in the U.S. has risen to over $1.3 Trillion in 2017 affecting nearly 70% of all graduates. As the student loan debt crisis in America continues, choosing a college savings plan for your children increases in importance. With several different college savings plans available, however, you may find it difficult to  … Read more

A College Education in America is a huge benefit, but opposite of that, there’s the nearly inescapable debt attached. Many organizations including the federal government have worked tirelessly to combat student loan debt in America. One such measure was the Public Service Loan Forgiveness, created in 2007 to encourage graduates to enter public sector jobs  … Read more

Going to college is a stressful yet exciting time. Between filling out FASFA’s, awaiting acceptance letters, and registering for classes there is a lot of important information that can be missed. Currently, the US is holding $1.4 trillion dollars in student debt and so if there is one crucial thing to pay extra attention to,  … Read more

Last month, the Governor of New Jersey signed a law that will limit the amount of money that a college student can borrow from the state’s student loan program. The law comes after allegations that the state was utilizing predatory lending practices. Among the new law’s rules: college students in New Jersey will be allowed  … Read more

Graduates in our country frequently leave their universities with a hefty student loan debt that is both overwhelming and highly unaffordable, given their meager entry-level salaries. However, there are a few basic tips with which you can ensure that graduating with student loan debt does not end up being a nightmare for you. Graduating with  … Read more

As per a recent study, there is currently a staggering $1 trillion student loan debt on citizens of America alone. And as more number of people struggle with their monthly repayment, there is a myriad of student loan debt solutions that can help you manage your finances better and more conveniently. Most Effective Student Loan  … Read more

Given the rising costs of higher education in our country, a majority of students avail student loans for financing their tuition-fee. However, since they do not have an adequate financial strategy in place, most of these individuals find the management and repayment of their student loan far more complicated than they initially assessed. To make  … Read more

Although, other unsecured debts such as your personal loans, medical bills, credit card debts and so on are automatically discharged when a Chapter 13 bankruptcy is filed, your student loan (which is also an unsecured debt) is nondischargeable by law. While it is impossible to completely wipe out your student loan in bankruptcy, you can  … Read more

Some individuals may be under the impression that one can discharge student debt in a bankruptcy case, but this is untrue: student loans can’t be discharged in a bankruptcy case. Many wonder what makes this type of debt so much different from credit card or medical debt. With a national student loan debt amount totaling  … Read more