Category Archives: Student Loans


Does a Parent’s Bankruptcy Affect Eligibility for Student Financial Aid?

Bankruptcy is a complicated issue that affects many areas of one’s life, but in general, filing for bankruptcy doesn’t interfere with eligibility to receive federal aid. It can, however, affect eligibility for some student loans and loan programs, but it might not be as bad as you think. A green light for financial aid and……
Read More

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……
Read More

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……
Read More

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……
Read More

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……
Read More