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Bankruptcy and Student Loans

If you have a student loan, you are not alone. With the costs of college doubling over the last four decades, millions of people have student loan debt well after they graduate. The average student loan debt for a 2020 graduate in Florida is $24,454. The majority of student loans are through the federal government, while a small portion are through private lenders. If you are having financial difficulties and are considering bankruptcy, you will want to know whether your student loans will be di[...]

Discharging Student Loans in Bankruptcy Proceedings

As bankruptcy relief attorneys here in Florida, we frequently receive questions surrounding whether student loans can be discharged in bankruptcy. In a nutshell, the courts can agree to discharge student loans in bankruptcy proceedings, but you first have to prove that they are causing you undue hardship. This includes both federal and private student loans, although they involve different processes. Therefore, the answer to this question is yes, but it is a complicated process that is not guara[...]

Tips on Handling Student Loan Debt

  Statistics reveal that Americans owe approximately $1.6 trillion in student debt with 44.5 million of the individuals facing monthly student loan bills. While an average undergraduate borrower in 2017 owed $28,650, more than 2.5 million individuals have $100,000 or more in combined debt. These serious debts can cause some individuals to struggle with substantial debt.  Unfortunately, to make matters more complex, many individuals with student loan debt are unable to discharge the amount [...]

Florida Student Loan Forgiveness Lawyer

Stop me if you have heard this one before: “Student loans are the only kind of debt that you must always continue to pay, even if you declare bankruptcy.” Odds are, you have heard it before. Heck, it has been at the center of some high profile presidential races recently. As with any exceptionally strong statements that rely on words like “only” or “always,” the cautious observer will remain healthily skeptical until all the facts are in. While it may be true that discharging student[...]

Relief From Student Loan Debt

Attending college is an opportunity to obtain education to chase the dream of an aspirational career with more income and satisfaction than could be obtained without a degree.  And, colleges sell that dream.  All colleges, public and private alike, engage in activities to recruit students to attend their college, pay their tuition, and in turn, support their institution.  Colleges have whole positions and often offices dedicated to the recruitment of new students.  Private, non-profit instit[...]