Wondering if bankruptcy will eliminate a tuition debt from a college or university in Colorado? Read on! It’s not unusual for my clients to owe some sort of student loan. Student loan debt is one of the fastest growing types of debt that consumers in Colorado are dealing with. You’ve probably already seen that there…Read more
Young Adults Expect Paying Off Student Debt Will Take Decades
National Public Radio aired a great interview this week with recent college graduates to talk about their student loan debt. Student loans are often categorized as “good debt” or an “investment”, but as some of the interviewees note, it’s hard to imagine an 18 year old fully knowing what they’re getting themselves into when they…Read more
Can I Get My Student Loan Forgiven Or Cancelled?
If you’re dealing with overwhelming student debt, you may be looking to repayment alternatives to help you manage it. Although bankruptcy will rarely eliminate student loans, there are other programs available that provide some relief. Two of those programs are loan forgiveness and cancellation. Which, if any, of these programs you qualify will depend on…Read more
Should I Consolidate My Student Loans?
Many people who we help have one thing in common: they are struggling repaying their student loans. If you are scouring the Internet looking for solutions, the bottom line is this: it is nearly impossible to get rid of your student loans in bankruptcy. If you are young, able to work, and have only been…Read more
Three Ways To Get Your Federal Student Loans Out Of Default
Once you default on your federal student loans by failing to make payments, they’ll be placed in collection status. Your paycheck and tax refund could be garnished. You’ll also be ineligible for any other federal student loans, which may keep you from completing your degree. You can read more about what happens when you default…Read more
What Happens If I Default On My Federal Student Loan?
Helping people with student loan debt can be one of the biggest challenges for a bankruptcy attorney. Technically, student loans can be eliminated in bankruptcy. The reality, however, is much different. In order to discharge student loans, the former student will have to bring a lawsuit in bankruptcy court to show that repaying the debt…Read more
