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As a St. Louis Chapter 13 bankruptcy attorney, more and more clients are coming in with student loan obligations they cannot pay back. College tuition is rising but job prospects for new graduates are very bleak causing student loan obligations to be untenable. Many people come in thinking these loans can be discharged in bankruptcy. […]
Credit bureau TransUnion has released data from a study which shows that more than half of all student loans accounts are in deferment, meaning that the repayment of the interest and principal of the loan is being temporarily delayed. In addition, 43.5 percent of all student loan balances are currently defered, and the company further […]
Earlier this month, United States Senators Dick Durbin (D-IL), Tom Harkin (D-IA), and Al Franken (D-MN) again introduced two pieces of legislation aimed at helping people struggling with their student loans. The two proposed bills are known as the Fairness for Struggling Students Act of 2013 and the Know Before you Owe Act of 2013. […]