Most people that graduate college come out owing both student loan and credit card debts. Research published last year by Fidelity Investments – Cost-Conscious College Graduates Study – showed that the majority of grads (roughly 70%) end up with debt that exceeds $35,000, on average. Half of those surveyed were surprised by the extent of […]

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Getting your student loans forgiven in bankruptcy can be a challenge, but it is possible. There are legal standards that have been established so that debt-ridden and cash-strapped borrowers can receive partial or total discharge of federal and private student loans. But some lenders and organizations are playing dirty with debtors to block legitimate bankruptcy […]

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You may have heard that student loan debt will live forever unless you pay it off, qualify for loan forgiveness or pass away before you are forced to pay it. The general wisdom is that bankruptcy is not an option to discharge student loans, but this is often not the case. Today we look at […]

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As stressful as student loan debt can be, a new survey by Young Invincibles (YI) reveals that it may be much worse for those with private student loans. Although YI is a relatively new organization – formed in 2009 – it has grown into a strong voice for the interests of 18-34 year olds. Their […]

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We wrote recently about a landmark bankruptcy case that allowed one student loan debtor to have $50,000 of his $80,000 student debt relieved. This was important as a precedent setting case, but it took 10 years of wrangling and a legal team to get this verdict. This represents time and resources that most student loan […]

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We’re always on the lookout for theories on how to best manage student loan debt so we can make recommendations to our readers that are struggling. This week we came across an interesting piece of financial wisdom from a money expert that we thought we would share. This advice is ONLY for those who are […]

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One of the things many student loan borrowers don’t realize when they sign on the dotted line and take money for school is the permanence and immutability of the debt. Historically, shaking either private or public student loan debt (without dying or paying it off in full) was virtually impossible. Unless you had a forgiveness […]

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Prior to 1976 student loans were completely dischargeable in bankruptcy. It wasn’t until the mid-1970s, a time when higher education tuition was actually still affordable, that legislation was enacted to constrain bankruptcy protection for student loan borrowers. As we look at the role that bankruptcy plays in the troubling economics of the past several years, […]

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