Writing off a student loan in bankruptcy requires showing "undue hardship." What is that?
Filing Chapter 7 stops a student loan garnishment and other collection activities. Then use "undue hardship' or focus on the student loan.
Although it's hard to get rid of student loans through bankruptcy, it's worth knowing whether and how it can help.
Americans over 55 years old flunk the "student loan literacy" test. We have a generational divide in one of today's biggest economic issues.
How well do Americans
Student loan borrowers are now buying houses and cars less, and have worse credit, than less educated people without student loans.
The delinquency rate has doubled in just 4 years, in 2012 alone increasing as fast as at the worst of the 2007-2008 mortgage crisis.
The best way to improve how student loan borrowers are treated is to change the incentives for their loan servicers. That happened this week.
The essential facts on the President's action to allow 5 million more student loan borrowers to cap payments at 10% of their monthly income.