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Student Loans

The student loan crisis in America continues to astound, with many comparing it to the subprime mortgage crisis. Unfortunately, it is very rare to be able to discharge student loan debts in a bankruptcy. It is our opinion at National Bankruptcy Forum that federal student loans should be eligible for discharge. It would help solve the issue of predatory lending that is rampant in student loans. These posts go into more detail about student loans and how consumers may be able to get help repaying student loans.

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Posted On: December 12, 2017

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Posted by: National Bankruptcy Forum

Financial Planning for Beginners: What You Need to Know

Earlier this year, household debt balances in America rose to $12.73 trillion, the highest in our history. In fact, 73% of us die in debt. With this much debt, it’s hard for many people to reach long-term goals such as retirement savings, or shorter-term goals such as paying for a wedding. Many of us just wing…

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Posted On: June 2, 2017

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Posted by: Moderator

Corinthian Colleges Students Eligible for Loan Discharge

Get out of student loan debt free? If you’re a former student of Corinthian Colleges, you might. The for-profit Corinthian Colleges, which stopped operating in 2015 and displaced more than 10,000 California students, was under fire by the U.S. Department of Education after it found the schools made false claims about their post-graduation employment rates…

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Posted On: March 31, 2017

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Posted by: Moderator

Household Debt Near Great Recession Level: What Does it Mean?

Although bankruptcy filings have been trending downward for years, household debt is expected to hit a new record in 2017. It may seem like a big number, but fewer than 800,000 people filed for bankruptcy in the U.S. last year. Just six years ago, that amount was double. Will household debt start to catch up…

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Posted On: March 27, 2017

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Should I choose a college based on my parents’ income?

We all know college is expensive. But just how hard is it to pay off student loans? According to new information published by the National Bureau of Economic Research (NBER), choosing the right school to attend can have a huge effect on your future — but not just on what type of job you might…

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Posted On: February 28, 2014

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Posted by: John O'Connor

Make Student Loan Debt Dischargeable in Bankruptcy…Again

Why Not Student Loans? In the famous decision, Local Loan Co. vs. Hunt, the Supreme Court summed up the relatively simple policy behind our bankruptcy laws: the “honest but unfortunate” debtor is given the opportunity to start over, “unhampered by the pressure and discouragement of preexisting debt.” The idea of periodic debt forgiveness is ancient, appearing numerous…

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Posted On: February 28, 2014

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Posted by: John O'Connor

How Can I Tell if My Student Loan Debt is Dischargeable in Bankruptcy?

Last updated Oct. 27, 2017. The topic of student loan debt and bankruptcy: most every bankruptcy and personal finance-related website out there has written about it on numerous occasions. However, the rules are worth repeating because it is still an unreasonable area of the law that was created to address the concerns of a different…

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