Category Archives: Student Loan Debt

Is student loan debt dischargeable in bankruptcy? Learn about student loan debt information and the potential benefits of filing bankruptcy.

3 Things You Might Not Know about Refinancing Student Loans

Refinancing student loans is a common piece of advice for people looking to escape debt or simply save money on interest rates. But how much do you really know about the process? Here are a few things you might want to learn about refinancing student debt. 3 Things You Might Not Know about Refinancing Student Loans It could mean the end of your federal loan benefits: Refinancing with a private lender means losing your federal student loan benefits. These benefits include flexible repayment options, public service loan forgiveness programs, deferment options and other important benefits. Make sure you understand the benefits you might be sacrificing to get that better rate. It may still be worth it, but it’s always better to know before rather than after you make a deal. It’s not the same as consolidation: People often have a hard time knowing the difference between refinancing and consolidation. Consolidation…
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How to Get Rid of Student Loans

The question of how to get rid of student loans is massive topic in America right now. Whether you are tuning in to a national political debate or simply getting lunch with your friends, it’s an impossible conversation to avoid. That’s because there is more than a trillion dollars in outstanding student loan debt in the country right now. In an economy that isn’t always hospitable, young people and others may find these massive debts impossible to get rid of. Here are some tips for how to finally do away with them. Tips to help get rid of student loans: Pay down higher interest rates first: If you have multiple student loans, don’t forget that not all of these debts are created equal. Make payments on all your loans, but if you want to start paying them down, start with loans that have a higher interest rate. This will help…
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Do You Qualify for Obama’s New Student Loan Forgiveness Program?

Last week, the Obama administration made a big move towards helping people struggling under the weight of crippling student loan debt they shouldn’t have. Obama’s new student loan forgiveness program should make it significantly easier for students of for-profit schools to have their debt erased. Students and graduates who can show that they enrolled in a for-profit school as a victim of their scams and fraud will have the student loan debt they accrued to attend that school completely forgiven. This isn’t the first law created for this purpose, but the process is much more difficult, and not many people are even aware it exists. Do I Qualify for Student Loan Forgiveness? According to the new program, you can qualify to have your student loans forgiven if you can meet one or more of the following requirements: The school made “substantial misrepresentations” about the benefits it offered to those who…
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