The student loan lending industry has grown rapidly in the last ten years, and with that growth has also come an increase in the number of graduates who have or are in default over their loan. With steep penalties like wage garnishment at stake, you have much more to lose than tolerating harassing phone calls.  … Read more

It is no secret that the student loan industry has grown to epic proportions in recent years. With so many college hopefuls turning to private and subsidized loans just to cover the basic financing needs for a college education, the student loan lending industry has become extremely greedy. A recent study revealed that the federal  … Read more

Those familiar with bankruptcy law know that discharging student loan debt under Chapter 7 and Chapter 13 bankruptcy is quite difficult – but there are exceptions. If a person with student loan debt can prove ‘undue hardship,’ it is possible to wipeout or discharge the debt. What Constitutes Undue Hardship? The term undue hardship does  … Read more

Although most types of debt are dischargeable in bankruptcy, there is one notable and growingly troublesome exception: student loan debt. Student loan debt has become one of the top forms of personal debt in the U.S. and is causing a great deal of financial hardship to millions of Americans, yet there is no way to  … Read more

Student loan debt seems to be on everyone’s mind these days, from students to parents to the government. Congress is currently fighting to decide whether to keep interest rates the same or lower them, which could make a big difference in how much people are able to pay. With new reports indicating that up to  … Read more

Student loan debt can be a crippling millstone around a debtor’s neck. Education costs have skyrocketed and loan debt has shot up as well, topping $1 trillion this past year. Now that a college degree is no longer a guarantee of earning power in the weakened economy, many college grads are facing terrifying amounts of  … Read more

They say, “If you repeat a lie often enough, it becomes the truth.” Well, one of the most common bankruptcy myths is that you can’t discharge any of your student loan debt through bankruptcy. While this is definitely true for most people, it isn’t technically true for everyone. You can discharge your student loan debt  … Read more

Congratulations! If you’re one of the millions of college or university graduates this year, you’ve reached an incredible milestone in your life. The feeling is incredible, though unfortunately short-lived. Within 6 months, creditors will begin harassing you for student loan debt payments. While college provided incredible opportunities for growth and learning, the immediate aftermath of  … Read more

With the cost of a college education rising faster than the average salary, it’s no wonder that many young adults are struggling to pay off their student loan debt. Since student loan debt cannot be discharged through a Dallas bankruptcy (or anywhere else in the country, for that matter) it’s important for young adults to  … Read more

It happens year after year: Students take out high student loans for high career aspirations. Unfortunately, with the economy not adding jobs as quickly as universities are pumping out students, it can be difficult to harness the income to pay back student loan debt. Since student loan debt cannot be discharged in bankruptcy, there is  … Read more