Parent PLUS Loan Forgiveness Eases the Pain for Parent Borrowers
Parent PLUS Loan Forgiveness Eases the Pain for Parent Borrowers Parent PLUS Loan Forgiveness Programs are federal programs, like Closed School Discharge, that forgive loans for parents who co-signed for their children. What Is Parent PLUS Loan Forgiveness? The Parent PLUS Loan Forgiveness Program is a federal program that forgives the debt of parents who […]
Joint Consolidation Loan Separation Act| New Hope for Forgiveness
Joint Consolidation Loan Separation Act| New Hope for Forgiveness The Joint Consolidation Loan Separation Act would allow borrowers to apply to split the joint consolidation loan back into separate federal direct loans. Joint Consolidation Loan Separation Act Offers New Hope for Forgiveness Borrowers with spousal consolidation loans — a program that allowed married couples to […]
Do Your Student Loans Die With You?
Do Your Student Loans Die With You? You may feel like you’ll be paying off student loans until the day you die. But even that may not be the end of it. “It all depends on the type of loans you have and the lender”, says Adam Minsky, a student loan attorney with offices in […]
How Does Filing For Bankruptcy Affect my Federal Student Loans?
How Does Filing For Bankruptcy Affect my Federal Student Loans? It’s difficult, but not impossible, to discharge student loans in bankruptcy. Some borrowers have been able to discharge their student loans through bankruptcy with a little-known procedure. Credit card debt, personal loans, vehicle loans, and mortgages are far easier to pay off than college loans. […]
Payments too high? Try an Income-Driven Repayment plan (IDR)
Payments too high? Try an Income-Driven Repayment plan (IDR) Your monthly federal student loan payment is set at an amount that is supposed to be affordable based on your salary and family size in an income-driven repayment plan (ICR). Here is a quick guide for how to pick the right repayment plan for your needs. […]