Do you have defaulted student loans? The government has an impressive array of tools for collecting on defaulted student loans. Fortunately, the law also provides you with a way to cure the problem starting right now!
There is no statute of limitation for collection of student loans.… Read More
Legally, a default occurs the first time you fail to make a payment when it is due. But if you fail to make your student loan payment for 180 days, your loan will enter the “official” default status and take on a life of its own.… Read More
Student loan Income-Based Repayment (IBR) is a student loan repayment option designed to make payments universally affordable based on income and family size. IBR was introduced in 2009. And in 2010, in response to economic conditions, the IBR payment formula was modified to reduce monthly payments to 15% of discretionary income, and to schedule an additional reduction to 10% of discretionary income for 2014.… Read More
There is no statute of limitation for collection of defaulted student loans. And unless you are totally and permanently disabled, there is no way that you can discharge your student loans in a bankruptcy. What to do? Here are some insights and a couple of fantastic solutions.… Read More