Many people believe that since they are in default on student loans, nothing can be done. However, we are seeing more and more student loan debt being sold to debt buyers such as Credit Corps Solutions. That is music to our ears because whenever a debt buyer is suing someone…
Category: Student Loans
Discharging student loans through bankruptcy is so notoriously difficult, many people think it is impossible. Fortunately, that is not the case. However, successfully discharging your student loan debt does present certain challenges. In July of 2021, a federal appeals court in New York ruled that private student loans cannot be…
The average borrower will take approximately 20 years to pay off their student loans. Of course, the amount of time it takes to become free of student loans will depend on a borrower’s employment and financial situation, the type of school they attended, and the degree they earned while in…
The cost of obtaining higher education in Florida, and throughout the rest of Florida, has risen to astronomical heights. Students are told from an early age that in order to achieve the “American Dream,” they must obtain a college or university degree and work hard in order to be successful….
Currently, the amount of student loans in the country is approximately $1.57 million and about 11 percent of these loans are in default or are severely delinquent. This debt threatens the financial future of millions of Americans and can make it extremely difficult to pay for a person’s daily expenses….
If you default on your federal student loan, the U.S. Department of Education has the right to garnish as much as 15 percent of your disposable income without first obtaining a court order. The wage garnishment remains in place until the entire debt is paid, and it can make it…
Student loan debt in the United States is over $1.71 trillion, with more than 44.7 million Americans carrying this type of debt. The number of people taking on student loan debt is growing higher every day. According to the Bureau of Labor Statistics, the number of people taking out student…
Student loan debt is at an all-time high and it is something both current and former students continue to struggle with. At times, the situation may seem hopeless. Fortunately, it is not. For those feeling as though student loans are something they are just going to have to live with…
In the United States, there are 45 million borrowers that owe almost $1.6 trillion in student loan debt. That number represents the second-highest category of consumer debt, with only mortgages exceeding it. A recent study titled “National Financial Capability Study” conducted by the Financial Industry Regulatory Authority’s Investor Education Foundation…
