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Is Student Loan Discharge in Bankruptcy Possible?

You’ve probably resigned yourself to paying your student loans for decades. No matter how bad your financial situation, you know they aren’t going away. Bankruptcy can help with a credit card, medical, mortgage, and other debts, but not with student loans. Historically, private and federal student loans can’t be canceled by bankruptcy. That could all be changing, though. A few court decisions have recently made it clear that there are Read More

Common Student Loan Repayment Scams

It’s common for students to take out loans to pay for their education. These students may come into contact with companies that promise to lower their monthly student loan payments or help them find relief from their student debt. Unfortunately, some of these companies may scam those with student loans rather than help them. If you have student loans, it’s important to make yourself aware of the common student loan Read More

Refund Obtained after Student Loan Consolidation Company Fails to Reduce Balance

The attorneys at Luftman, Heck & Associates have seen a growing trend of debt consolidation advertisements claiming to know about programs that forgive student loan debt for people having difficulty paying student loans. Not long ago, a client from Cuyahoga County reached out to our Cleveland student loan attorneys after nothing was done to lower their balance despite being paid for their services. We reviewed this private company’s actions and Read More

Profit Colleges and Student Loan Forgiveness

Several for-profit colleges have been making headlines lately for the worst reasons: they are being ordered to forgive student loan balances and to refrain from collecting any more federal aid. The for-profit institutions at Corinthian Colleges, which includes Everest, Heald, and WyoTech, along with ITT Technical Institute and some branches of Brown Mackie College have been sanctioned under the defense to repayment law and now owe the government millions of Read More

Donald Trump On Student Loan Debt

In May 2016, the U.S. Federal Reserve reported that student loan debt has climbed to $1.26 trillion. With college tuition increasing every year, it’s hard for students to imagine getting a four-year degree without help from student loans. When these students graduate, they are then saddled with having to pay back several thousand dollars in loans no matter what their job salaries are. Additionally, student loan debt is nearly impossible Read More

Good Debt vs. Bad Debt

Debt is becoming a bigger and bigger problem here in the U.S. More and more Americans struggle under the financial burdens of debt every year, making it a struggle to get by. Unfortunately, this has led to many misunderstandings about debt, demonizing any debts as a bad thing and making people forced to take on any debts feel guilty. In reality, there are good debts and bad debts, and it’s Read More

10 Tips to Pay Back Student Loans Smarter

Student loans are an investment in your future, but repaying them can feel overwhelming when you finally graduate. Too often, recent grads don’t really understand their loans or repayment obligations and fall behind. You can make sure this doesn’t happen to you by carefully researching loans before committing, and following these ten tips to pay back student loans smarter. Don’t ignore the debts. It may be tempting to bury your Read More

Man With $250,000 In Student Loan Debt Successfully Enters Payment Plan After Being Sued

Recently, bankruptcy attorney Matthew Alden represented a 32-year-old Cleveland man with $250,000 in student loan debt. The man was a surgical technician in the Cleveland area but was struggling to make ends meet with his significant student loan obligations. Both he and his mother had gotten sued over this unpaid debt, causing his elderly mother much distress. Attorney Alden was successful in setting up a payment plan of which his Read More