Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman. After graduation, student loan management is the last thing you want to think about. If you have landed your first full-time job, the reality of paying back your student loans is right around the corner. If you have been out several years, this is still an […]
Federal Student Loan Forgiveness: Am I Eligible and How Does It Work?
By Caryn Ganeles, CommonBond If you’ve earned a graduate degree and want to go into a line of work that makes the world a better place, congratulations! You may be eligible for Federal Loan Forgiveness. This program was created by the government to incentivize careers in public interest and thank the highly educated for dedicating […]
The Repayment Picture of Medical School Loans
According to the Association of American Medical Colleges (AAMC), 84 percent of medical school graduates carry some student loan debt. And the average level of indebtedness has reached a lofty $176,348. For those who have considered a medical profession or currently practice, these numbers are of no surprise. Higher Prices Mean More Debt The AAMC […]
Reminder: What happens to your student loans if your school is shut down
Submitted by Lee M. Perlman, New Jersey Bankruptcy Attorney When you’re told that your college will be shutting down, there can be a lot of uncertainty about what comes next. In light of recent closures of certain for-profit colleges, we wanted to share some helpful advice to help you navigate the situation. This information and […]
Bank of America and JPMorgan Chase Agree to Erase Debts From Credit Reports After Bankruptcies
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Two of the nation’s biggest banks will finally put to rest the zombies of consumer debt — bills that are still alive on credit reports although legally eliminated in bankruptcy — potentially providing relief to more than a million Americans. Bank of America and JPMorgan Chase […]
Student Loan Facts They Wish They Had Known
Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. The problem with a lot of the advice that teenagers and their families get about higher education debt is that it’s totally, utterly bloodless. The federal Department of Education takes its shot in its role as the de facto provider of advice to people borrowing their first […]
Your Credit Score: Updates You Should Know
With a new version of the leading FICO credit score working its way through the lending industry, borrowers who have wrestled with medical debt and others who have only a limited credit history might find their scores have improved when they apply for future credit cards or auto loans. FICO Score 9 was rolled out […]
Navigating the Thickets of Student Loan Counseling
Navigating the Thickets of Student Loan Counseling APRIL 24, 2015 By RON LIEBER Submitted by New Jersey Bankruptcy Attorney, Lee Perlman As a former student loan borrower himself, President Obama has more than a passing familiarity with the complexities of higher education finance. But in a little-noticed bit of comment last year in an interview […]
As Cognition Slips, Financial Skills Are Often the First to Go
As Cognition Slips, Financial Skills Are Often the First to Go APRIL 24, 2015 Francis, 84, with his daughter-in-law, Helen Clark. He has mild dementia, and his family says his former wife took advantage of him. Credit Max Whittaker for The New York Times By TARA SIEGEL BERNARD Submitted by New Jersey Bankruptcy Attorney, Lee […]
Identity Theft Poses Extra Troubles for Children
Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. The note that arrived in the mail, dated March 25 and addressed to my grade-school-age daughter, said what we had expected and feared: Like tens of millions of other Americans, including untold numbers of children, she may have fallen victim to thieves who gained access to Social […]
