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You've heard about refinancing in the mortgage market. Who hasn't? Interest rates are at all-time lows. Folks have refinanced two and three times in as many years to save thousands of dollars in interest they would have otherwise paid. There's a similar lesser-known boom happening in the world of federal student loans.
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So are student loans able to be discharged? In short, probably not. Student loan debts are nondischargeable in Chapter 7 Bankruptcy cases unless paying the debt would cause the debtor "undue hardship." This basic rule also applies to Chapter 13 Bankruptcy cases.Discharge of student loans received popularity in the 1970's. Many
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5 Tips for Getting Reliable Education Financing
If you are young person planning on heading off to college, you
likely are wondering what steps you can take to better ensure
your success of obtaining a student loan. In many cases, a
student loan is the only way through which a person will be able
to pay for
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First Direct Student Loans News Updates
I took out a Direct PLUS loan for my daughter’s education, based on my good credit. Now she is graduating with no work prospects. What do I do now?
Mon, 06 Feb 2012 04:36:51 -0800
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