Introduction It is estimated that about 20% of adults in the United States have student loan debt and that about 93% of all student loan debt is federal.[1] The Covid-19 pandemic paused a variety of financial obligations: from mortgage forbearances to temporary moratoriums on evictions for non-payment of rent, to the interest-free student loan freeze; […]
Student Loan Dischargeability
Can Your Student Loan Debts be Discharged in Bankruptcy? As of March 2020, federal student loan payments were paused due to the COVID-19 pandemic. President Biden recently extended the pause for an additional 90 days– it is now set to expire on May 1, 2022. Many of us are taught that to secure a financially […]
How REPAYE Differs From Other Income-Driven Repayment Plans
Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman. In early 2015, President Obama proposed the Student Aid Bill of Rights, which included a provision to make it easier for borrowers to repay their students loans. As the result of this provision, the government introduced a new repayment option for federal student loans: Revised Pay […]
11 myths about student loan forgiveness
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. If you have more student loan debt than you can handle, or if you’ve been paying and paying (and paying) and can’t make headway, chances are you’ve wondered about student loan forgiveness. As you look into your options, keep in mind that everything you read (or hear — even […]
How to Maximize Your Federal Student Loan Refinancing Savings
Submitted by Lee Perlman, New Jersey Bankruptcy Attorney Upon graduation, borrowers are inundated with the task of paying off all of their student related debts. Most graduates will finish their undergraduate degree with federal loans with an average balance of $30,000. At Credible, we see federal student loan borrowers everyday look for options and ask […]
Your Student Loan Help Questions Answered
Submitted by New Jersey Bankruptcy and Student Loan Lawyer, Lee M. Perlman Whether you are struggling to avoid a student loan default or just want to stay on top of your loans, finding student loan help can answer all your questions. Repaying your student loans can be a confusing process, and one misstep could affect […]
5 Student Loan Tips for Recent College Graduates
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 […]
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 […]
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 […]
