Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman. A federal loan forgiveness program made a promise to students: Stick with your vital but low-wage professions and your debts will be wiped clean. Then they weren’t. WASHINGTON — When Congress created a student loan forgiveness program in 2007, lawmakers wanted to draw people to vital […]
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 […]
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 […]
Help Is on the Way for Repaying Student Loans
If you are struggling with student loans that you took out before October 2007, there is a new, more generous option in the works that may help you manage your debt payments. In June, President Obama signed an executive order that expanded the “pay as you earn” program, known as PAYE. The program caps monthly […]
EDITORIAL: Student Loan Debt Should not be Exempt in Bankruptcies
Published in the New Haven Register here. In this July 18, 2013, photo, U.S. Sen. Tom Harkin, D-Iowa, chairman of the Senate Education Committee, announces to reporters that a bipartisan agreement was reached on rates for government student loans in Washington. From left are Sen. Tom Carper, D-Del., Harkin, Sen. Joe Manchin, D-W.V., Sen. Angus […]
Relief From Student Loan Debt for Public Service Workers
Jim Winn for The New York Times Travis and Stephanie Gay are special education teachers who participated in a state debt forgiveness program. By ANN CARRNS Published: September 10, 2013 in The New York Times Raha Wala, a 30-year-old lawyer for an international human rights organization, is facing $200,000 in student loan debt. But if […]
