New York Student Loans Archives - Page 2 of 2 - Bankruptcy Attorney in Brooklyn, New York

Streamlined Procedures May Allow Easier Hardship Discharges for Disabled Student Debtors

The most-noted change to the student loan rules that went into effect on November 1 of this year was to the Income-Based Repayment option for federal student loans. The changes will undoubtedly benefit many student debtors with lower monthly payments than before. The change to the federal code also touched on another subject: debts owed …

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Income-Based Repayment Plans for Student Loans in 10 Points (Part 2 of 2)

Leave a Comment / Bankruptcy, Debt / By Matt Leichter

This is the second post in a two-part series on the Department of Education’s Income-Based Repayment (IBR) program for federally backed student loans. Under an IBR plan New Yorkers and other Americans with eligible loans can make lower monthly payments to the government based on their disposable income if their income is too low to …

Income-Based Repayment Plans for Student Loans in 10 Points (Part 2 of 2) Read More »

Income-Based Repayment Plans for Student Loans in 10 Points (Part 1 of 2)

Leave a Comment / Bankruptcy, Debt / By Matt Leichter

Aside from mortgage debt, one of the more common problems New York debtors face is student loans. These debts can be challenging for debtors to deal with because in 1998 the federal government subjected all federally backed student debt to the undue hardship test for bankruptcy dichargeability. In 2005, it extended it to private student …

Income-Based Repayment Plans for Student Loans in 10 Points (Part 1 of 2) Read More »

The Reality of Student Loans

Leave a Comment / Debt / By Matt Leichter

Having second thoughts about taking out a student loan for yourself or your offspring? There’s a great piece on Huffington Post by Zac Bissonnette titled, “The Student Loan Disclosure Document That Every Borrower Should Read.” It does a really nice job of making clear all of the risks involved with student loans and pointing out …

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Streamlined Procedures May Allow Easier Hardship Discharges for Disabled Student Debtors

Income-Based Repayment Plans for Student Loans in 10 Points (Part 2 of 2)

Income-Based Repayment Plans for Student Loans in 10 Points (Part 1 of 2)

The Reality of Student Loans

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