But considering the growing
burden of student loan debt on college graduates, traditional benefits aren't that helpful when there's little money left at the end of the month to participate.
What you presumably want to know is what is the difficulty with easier discharge
of student loan debt in bankruptcy.
Back then, nobody was really talking about getting
rid of your student loan debt as a way to build a secure financial future so we just ignored the loans.
Numerous reports show that adults with high
levels of student loan debt put off traditional adult milestones, such as purchasing a home, getting married or starting a family due to economic distress.
Today I'm looking at another bankruptcy discharge case, see more here, where a bankruptcy judge felt it was appropriate to allow for a legal
discharge of student loan debt.
It was estimated that students in for - profit colleges will graduate with double the amount
of student loan debt as compared to a traditional university.
As the cost of higher education increases, so to does the amount
of student loan debt for those graduating from university or college and entering the workforce.
According to the federal student loan report, approximately 40
percent of the student loan debt total is accounted for by those taking out loans for graduate school.
You may have been automatically enrolled in a loan repayment plan, but did you know there are actually seven different
types of student loan debt repayment plans?
The average amount
of student loan debt per graduate at the college level was then weighted by the number of bachelor degree recipients in the entire class of 2015.
I've been pretty clear about this — research the heck out
of student loan debt relief companies, tax debt relief companies or any other consumer debt relief companies.
If you got your bachelor's, master's or other higher degree in the past 10 years there's a good chance a
chunk of student loan debt graduated alongside with you.
As the total amount
of student loan debt increases, we will likely see even more court cases that push the boundaries of what is acceptable in bankruptcy and student loan rules.
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