Author Archives: doug

Qualify faster for public service student loan forgiveness by buying back months where payments were skipped

By doug | Published: October 18, 2023

In October 2023, the Department of education has come out with a new wrinkle that may help a few borrowers who have been waiting for Public Service Loan Forgiveness (PSLF) for their student loans. Broadly, PSLF wipes out student loan balances for borrowers who have done full time work for a non-profit employer for a […]

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Is there any way to reduce super high Parent PLUS loan payments?

By doug | Published: October 11, 2023

Paying off student loan debt can be plenty challenging enough when you are trying to finance your own education; but parents who borrow to help put their children through school are in a whole other league when it comes to repaying the loans. That’s partially due to the fact that parents are usually in a […]

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How do you prove your income on an income based student loan repayment plan?

By doug | Published: January 12, 2018

If you are trying to get your student loans into an income driven repayment plan, one of the first questions you will face is “How do I prove to the Federal Government what my income is? Your income, after all, is the most important factor in what the monthly payment will be for any IDR […]

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One trick for discharging student debt in bankruptcy

By doug | Published: January 12, 2018

Graduates burdened with heavy student loan debt loads often hear how difficult it is to discharge this debt through the bankruptcy process. This is correct, at least to some extent. In order to discharge student loans in bankruptcy, the debtor must file a parallel case, called an adversary proceeding in bankruptcy lingo, and then persuade […]

Posted in The Bankruptcy Code, Uncategorized | Comments closed

Administrative Wage Garnishments on Student Loan debts

By doug | Published: January 12, 2018

If you’ve fallen behind on federal student loans, and you are working at a job, administrative wage garnishment (AWG) of your earnings may be looming. Once AWG is in the picture, there are three basic ways of dealing with it. First, avoid it if possible. If you can prevent the garnishment from going into effect […]

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Why no one has qualified for Public Service Loan Forgiveness yet

By doug | Published: December 13, 2017

In October, 2017 the very first student loan borrowers became eligible to have their balances discharged under the Public Service Loan Forgiveness (“P.S.L.F.“) program announced by the Department of Education. Chances are, no one qualified. Why? First, it is important to realize that Public Service Loan Forgiveness is really a pro-active program, and not a […]

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PLUS student loans are not created equal

By doug | Published: December 12, 2017

Not all PLUS loans are created equal. Basically, there are two varieties, Parent PLUS loans, and graduate PLUS loans. Parent PLUS loans are the older of the two. (The acronym originally stood for “Parent Loan for Undergraduate Students”). These are loans made directly by federal government to parents of undergraduate students. Graduate PLUS loans are […]

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Massachusetts debtor discharges law school loans in bankruptcy case

By doug | Published: February 7, 2014

Student loans are impossible to discharge in bankruptcy, right? So goes a lot of street wisdom, but take a look at what actually happened in court in Massachusetts in January, 2014. A disbarred lawyer with criminal convictions stemming from some wild incidents in his law practice (he was tossed from the bar after a mere […]

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More options for debtors buried in private student loans?

By doug | Published: January 22, 2014

Getting out from under a load of privately held student loans is no easy trick, even in bankruptcy court. Debtors may have a new weapon soon, however, as the idea of re-financing these loans at lower rates is just getting started. According to Sheryl Harris in the Cleveland Plain Dealer, Charter One Bank in Ohio […]

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Enormous growing problem with student loans next bubble to explode — or will it boomerang back to bankruptcy court?

By doug | Published: April 13, 2012

Over the Easter weekend, a lot was written about the massive growing problem of student loan defaults — which some commentators think might soon approach the problems associated with the recent real estate crash. In an Associated Press article, William Brewer, president of the National Association of Consumer Bankruptcy Attorneys, “This could very well be […]

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