Can You Pay Someone to Get Rid of Your Student Loans?
A reader of AskTheMoneyCoach.com had a question related to the discharge of her student loans. Although the inquiry was specific to her particular circumstances, it’s a somewhat common situation. So I’m sharing the question – and my answer – in an effort to help anyone wondering if they should ever pay someone to help get […]
Getting Student Loans Discharged In Bankruptcy
Q: You’ve previously said that getting student loans discharged in bankruptcy court is nearly impossible. I owe over $100,000 in student loans and have been in deferment for like 6 or 7 years. Is it true that if you don’t make any payments they get discharged after 7 years? I am very overwhelmed, stressed and […]
Student Loan Discharge Due to False Certification Explained
Q: I did not have a high school diploma or a GED when I enrolled in college. Am I responsible for my student loans? A: Before a college provides you with a student loan, that institution is supposed to make sure that you have an “ability to benefit” from its educational curriculum. One way for a […]
Do I Qualify To Have My Student Loans Discharged?
Q: Hi. I keep hearing that only a small number of people can discharge private loans in bankruptcy and I want to know what makes them eligible? I owe over $100,000 in student loans for a degree I never finished. I have multiple health issues and have not worked in years and want to know […]
Does A Student Loan Have To Be Paid Back If The School Closed?
If you obtained a federal student loan for a school that closed, you may be eligible to have your loan discharged. If you weren’t able to complete your program because the college or university you got the student loan for closed down – and you weren’t transferred to another campus that would accept your student […]
Seven Ways To Pay Off Your Student Loans
Student loan debt has reached over 1 trillion dollars, which exceeds what Americans owe on credit cards. If you are burdened by student loan debt, here are seven ways to pay off or reduce your student loans: 1. Pick the shortest loan repayment program you can afford If you have federal student loans, there are […]
I Was Under 18 When I Signed For My Student Loan – Am I Responsible for It?
If you applied for a student loan or financial aid during your last few years of high school, you may not have been 18 at the time that you signed for the student loan. Many people who signed for a student loan before they turned 18 wonder if they are still responsible for the loan, […]