Sentences with phrase «educational loan issued»
A private student loan is an educational loan issued by a non-government lender.
https://www.magnifymoney.com/ Not exact matches
On the issue of swelling student loan debt that surpassed $ 1.3 trillion earlier this year, Katko stressed he would be working across the aisle to pass legislation and reforms to provide more educational opportunities.
In particular the issue that makes these private student loans so easily dischargeable in bankruptcy is the fact the school was not a «eligible educational institution» or that the loans were for a «qualified higher education expense.»
Student loans, whether issued by the government, a non-profit lender or an educational loan fund, can not be discharged in a bankruptcy unless the debtor can prove additonal payments would create an unusual hardship for them.
About 90 % of private educational loans are issued with a cosigner attached to a loan.
Since 1958, the Perkins Loan Program has issued more than $ 28 billion in educational loans to nearly 26 million students in every single U.S. state.
At the very least it certainly sounds like you have a real issue surrounding that part of your private student loans that exceeded the limits of a «qualified educational expense» and the amounts above that may not be protected in bankruptcy from discharge.
The big issue would be if the private loans were used for expenses other than just tuition and approved educational expenses.
It would be worth discussing your private student loan situation with a bankruptcy attorney who is aware of the issues surrounding the ability to discharge private student loans that exceed the limits of «qualified educational expenses.»
Fortunately, educational loan eligibility is not deterred by money issues from recent credit marks.
Unlike educational debt offered by the Department of Education, College Ave loans are issued based off creditworthiness.
Instead, section 523 (a)(8) makes certain educational debts presumptively non-dischargeable, including government issued educational loans, defaulted conditional government grants and scholarships, certain loans from non-profit institutions, and private education loans that are qualified education loans under the tax code.
The Trigild Spring Conference is a day and a half educational program focusing on the unique issues arising from non-performing commercial loans.
When I questioned her about the issue, she replied, â $ ¨ â $ ¨» Do you think it's because I didn't finish paying the school off on my educational loan.»