Tag Archives: Student Loan Discharge
Changes Coming To Student Loan Payments?
President-elect Donald Trump wants to tweak existing federal programs and help borrowers repay their school loans at a comfortable pace. Under a plan he proposed in October 2016, monthly payments would be capped at 12.5 percent of the borrowers’ income for 180 months (15 years), and once the repayment period expires, any remaining student… Read More »
The Changing Face Of Bankruptcy And Student Loans
There is an old axiom among lawyers that “bad facts make bad law,” and the law regarding student loans and bankruptcy is an excellent example of this old saying. Congress passed the Bankruptcy Act in 1867, and passed substantive amendments in 1898. The Bankruptcy Code remained essentially unchanged until 1938, when lawmakers introduced the… Read More »
