The resumption of student loan payments has been a hot topic in recent months, as many borrowers felt the pressure of the impending restart of their financial obligations. For many, the COVID-19 pandemic brought financial uncertainty and relief in the form of temporary payment pauses.
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Archives for Student Loan News and Information
Federal Student Loan Pause is Ending-What Happens Next?
For millions of Student Loan Borrowers, it’s been 3 years since they have been required to make payments on their Federal Student Loans. Also, interest and collections were suspended. The U.S. Supreme Court decision on the Biden Student Loan cancellation program is expected by the
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Student Loans and Bankruptcy- New Guidance – Breakthrough or More of the Same?
In order to Discharge a student loan in bankruptcy, the US Bankruptcy Code, Section 523 (a) (8) requires the Debtor to prove that repaying the loan(s) “would impose an undue hardship on the debtor and the debtor’s dependents”. Courts around the country have been left
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You Heard About the Student Loan Forgiveness Program-What Happens Next?
On August 24, 2022, the President launched a new program to forgive up to $20,000.00 in Student Loan Relief to millions of Federal Student Loan Borrowers. Here are some questions and answers about this program, what it will do, what it won’t do, and what
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Student Loans- Will there Be Big Changes in 2022?
During the first year of the new administration, Student Loans have been on the top of Congress’ and the White House’s minds. Here is a summary of what has happened so far, and what might be next: The Pause on payments and interest is extended
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Federal or Private Student Loans? Know the Difference!
Here’s my latest video – FEDERAL VS PRIVATE STUDENT LOANS! BE CAREFUL! Click below: We’re here to help you. Know what’s best for you and your family! Daniel J. Winter For more information-contact us here: http://StudentLoanLawChicago.com djw@Dwinterlaw.com
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Will it Get Easier to Discharge Student Debt in Bankruptcy under Trump?
Just last week, the U.S. Department of Education published a memo in the Federal Register asking for public input on who is and is not trying to have Bankruptcy Courts eliminate their student loans in Chapter 7 Bankruptcy. If you’ve read anything about student loans
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Behind on Student Loans? Take Action Now!
You did it! You went to school and graduated! Or, you didn’t finish your degree. Regardless, you’ll have to deal with your student loans. In the ideal world, you got a job, and made all of the payments for your loans, and everything is good.
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You can Get a Mortgage to Pay off Student Loans! Great?! Not So Fast!
So you got out of college with a boatload of debt, like most students. And, you have a mixture of Federal and Private Student Loans. Studies have shown that recent college grads are putting off buying homes because of the huge student debt obligations. So,
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What is the Fastest Growing Age Group with Student Loan Debt? Seniors!
Yes you read that right! Because college costs have risen so high, parents have had to stretch their loans so long that they are running deep into their retirement years. The fastest growing group of Student Loan debtors are over 60. This is delaying retirement,
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