Not exact matches
In order to
deal with all the costs associated
with going to college, many
students need to borrow extra money to help cover living expenses and that makes it even more difficult for them to repay their
loans after they graduate.
The clients that we typically work
with (working - age people
with families,
student loans and mortgages) can normally cover their immediate financial obligations through term coverage, and are able to
deal with final expenses
after retirement effectively by putting a dedicated savings plan into effect.
I have a special interest and skill set for
dealing with student loan debt and working
with those who are
dealing with the financial difficulties that Canadians face
after a job loss.
I recently was asked several questions by someone who contacted me
after reading my blog articles about
dealing with student loan debt and who is considering filing a personal bankruptcy followed by an Adversary Proceeding (or as we also call it, a complaint) to prove the legal standard of Undue Hardship under Bankruptcy Code 11 USC § 523 (a)(8).
So, the deduction on this
loan reduces your cost of capital to an effective APR of 4.5 %, and because it's a
student loan and not a mortgage, you don't have to itemize so this is in effect a «free» deduction (even
with an FHA mortgage allowing me to deduct interest, property taxes and PMI, and the residual medical costs
after insurance of having our new baby, the $ 11,900 standard deduction for my wife and I was still the better
deal this year).
I, too, have been
dealing with student loan B.S. and all your posts are validating... and make me ANGRY!!!! My most recent issue is
with fedloan servicing who consolidated my
student loans (I did not choose them, apparently they were chosen for me... but at first I was relieved because ACS was FINALLY off my back
after more than 2 years of me being in repayment
with another
loan servicer?
CordiaGrad, now known as Purefy, is a way to help college graduates
deal with the
student loan debt problem that occurs
after graduation.
According to a report by the Consumer Financial Protection Bureau, which analyzed almost 600,000
student loan borrower accounts, over 40 percent of borrowers who
dealt with debt collectors
after entering default status defaulted on their
student loans a second time within three years.
The clients that we typically work
with (working - age people
with families,
student loans and mortgages) can normally cover their immediate financial obligations through term coverage, and are able to
deal with final expenses
after retirement effectively by putting a dedicated savings plan into effect.