Sentences with phrase «student debtor»

A «student debtor» refers to a household owing outstanding education - related installment debt and includes loans that are currently in deferment as well as loans in their scheduled repayment period.

See Raymond L. Woodcock, Burden of Proof, Undue Hardship, and Other Arguments for the Student Debtor Under 11 U.S.C. § 523 (A)(8)(B), J.C. & U.L. 377, 381 - 84 (1998); see also Johnson v. Missouri Baptist Coll.

The typical household income of student debtor households within these broad educational categories is virtually identical to households without student debt.

Younger households tend to be more highly leveraged than older households, and student debtor households tend to be more leveraged than households that do not owe student debt.5 Among the young and college - educated, student debtor households are nearly twice as leveraged as their counterparts lacking student debt — 67 % vs. 34 %.

Section 1 presents the basic economic outcomes of student debtor households and looks at total indebtedness in the context of household income and assets.

But young student debtor households have much less wealth than their peers not owing such debt.

Though student debtor households tend to have larger total debt loads, indebtedness needs to be assessed in the context of the household's economic resources.

Furthermore, the average student debtor owes $ 27,975 in educational loans.

Starting with the first, a federal consolidation loan is offered by the federal government to any student debtor with at least one FFEL or Direct loan from the federal government.

They also show how costly it can be for a student debtor who does not have access to a creditworthy cosigner.

The average student debtor holds $ 27,975 in student loan debt, while the average federal student loan default rate sits at 11.8 percent.

The student debtor has been struggling with debt repayment for several years.

It is this susceptibility to having an intermittent income level that makes it difficult for Jane Student Debtor to keep up with her student loan repayments.

Any student debtor that received a private student loan from Sallie Mae or had their federal or private student loans serviced through Navient and experienced repayment issues has a stake in the outcome of this lawsuit.

On average, each foreign student debtor that scurried out of the UK owes the British government roughly # 15,000 in student loans.

As you can see from the infographic below, the average student debtor is not someone who graduated yesterday and is looking for a way out of repaying their student debt.

The student debtor can choose the round - up option, which will round - up all purchases made with the Fifth Third debit card to the next dollar amount.

The Eagle Home Mortgage Student Loan Debt Program will have Lennar pay up to three percent of the purchase price in order to chip away at any educational debt the student debtor incurred while attending college or university.

Either way, the extra amount from either option will be put towards the student debtor's loan balance once at least five dollars in round - ups is collected.

Any student debtor that banks with Fifth Third Bank will be able to link up their Fifth Third debit card with their student loan servicer account.

As one would expect, the only - student debtor group was much more inclined to think the national student loan debt total of $ 1.41 trillion was a bigger threat to the U.S. when compared to the three options provided.

Additionally, Dr. Bradshaw proposed that repayments should be made through a special arrangement that would take money out of the student debtor's salary, which would hypothetically reduce the tax burden on graduates.

To better understand the female student debtor's situation, let's first take a look at the average insolvent student debtor from our study.

Carrying student debt into your mid-30's (the average student debtor is 35 years old) at a time when you are raising a family (47 % are likely to have dependents) is unsustainable.

Also, the justices ruled in favor of a student debtor in a case involving student loans and bankruptcy that was being watched closely by many in banking and higher education.

Though student debtor households tend to have larger total debt loads, indebtedness needs to be assessed in the context of the household's economic resources.

While these plans were designed to offer relief to overwhelmed student debtors, they're also creating a sense of false hope for some.

All of this depends on your credit history and financial standing, so only student debtors who are in good standing with their loans are typically in a position to refinance effectively.

Using the conventional total debt - to - income ratio, where debt is measured as a share of income, college - educated student debtors are by far the most indebted.2 The median college - educated student debtor has total debt equal to about two years» worth of household income (205 %).

In fact, Navient steered student debtors to enter forbearance, which temporarily stops payments, but the borrower still accrues interest.

But while the authors found little evidence that student debtors were more likely to end up on their parent's doorstep among all young adults, they also found evidence that the link between debt and boomeranging varied by race.

I would argue however, that this merely perpetuates the cycle for most student debtors.

Contrarily, since the majority of borrowers in repayment have never claimed the student loan interest deduction to begin with, maybe borrowers as a whole group would be better off letting the government handle all of the saved money under one program to lower the cost of education for a wider net of student debtors.

Ultimately, the only way how Trump can help his economic program successful is to provide more jobs to existing and future student debtors.

Beginning in 2014, student debtors can reduce their monthly payments to a figure equal to 10 percent of their existing discretionary income.

Sometimes, student debtors borrow more than they end up needing for that semester of classes.

It does sound ideal, especially to a beleaguered group of student debtors.

Beginning in January 2012, about 6 million student debtors will be able to consolidate their loan debt and negotiate a single, lower interest rate.

Interestingly, student debtors were more concerned about their personal data getting breached through a site like Facebook when compared to their financial information getting stolen in an instance like the Orbitz credit card hack.

In terms of all 1,000 survey participants, the numbers were different compared to the only - student debtors group, but the patterns were the same.

In both instances, the majority of student debtors were more concerned about repaying their student loan debt than either getting their financial or personal data hacked.

The move by the CFPB should be welcomed news to student loan borrowers throughout the U.S.. Both small and large student loan servicers and lenders have been sued by the CFPB for conducting unethical practices when dealing with student debtors.

This legislation would have provided benefits to student debtors taking advantage of private refinancing; Sen. Thune commented, «This is a winning solution for students and businesses alike.»

Like improving financial literacy, providing tax benefits to student debtors isn't really controversial.

He built on this belief by supporting the Federal Student Loan Refinancing Act which would have allowed student debtors to refinance to lower interest rates.

He has cosponsored numerous different pieces of legislation that offered relief and better affordability to student debtors and prospective students.

While these plans were designed to offer relief to overwhelmed student debtors, they're also creating a sense of false hope for some.

One trend that came out of our study was the prevalence of female student debtors.

A report by The Russell Group aimed to help student debtors by pushing for a lower interest rate on loans.

In recent years, however, more and more student debtors have gone into the bankruptcy courts and gotten their loans discharged in bankruptcy or at least partially discharged.