Category Archives: Student Loans


Family Debt Shoved to Pre-Crisis State Because of $1.3 Trillion Student Loans

There was a difficult lesson to be learned in the United States in 2008 during the financial crisis. Many lost their homes, their cars, and their jobs as a result of extremely high household debt. Debt at the time had reached a peak of $12.68 trillion towards the end of 2008. This debt situation is……
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Discharging Student Loan Debts through Bankruptcy

For a long time now, it has generally been understood that, with few exceptions, student loan debts could not be discharged through bankruptcy. This meant that for millions of Americans who went to college and had to take out student loans while working toward their degrees, the debts could hang over their heads for years……
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Student Loan Debt and Default Rates Are Exploding

Student loan debt in the United States is spiraling out of control, with more than 40 million Americans currently owing some amount of debt on student loans. Rajashri Chakrabarti, a senior economist with the Federal Reserve Bank of New York, recently said that the explosion of student loan debt in this country portends serious problems……
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NJ Legislature Approves Bill to Forgive Student Loan Debt When Borrower Dies

The NJ Legislature recently passed a bill that will ease the financial burden currently placed on grieving parents by student loan providers. The sad reality is that parents who tragically lose a child often have a lot more to deal with than just making funeral arrangements and grieving over their loss. That’s because parents can……
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NJ Legislators Trying to Ease Burden on Parents of Students with Student Loans

New Jersey lawmakers are looking to revise the state’s student loan program as more and more people complain about the crippling debts faced by NJ students, and their families, after they leave college. Many people have criticized the ways in which NJ officials operate the college student loan program. Among the complaints lodged against the……
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