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No. Under the old Bankruptcy Code, you could dismiss student loans if they were not government backed or if they were not issued by an entity that receives state money. However, the new Bankruptcy Code does not make this distinction, so under the new Code no student loans are dischargeable, not even private ones. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts and law, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Speak to a lawyer for specific advice. If you have any questions, please refer to a lawyer in your jurisdiction. Thanks!
What else can I help you with?
Can you consolidate Private student loans into federal student loans?
no. you will have to consolidate separately. with a federal lender then a private lender.
What is one advantage of federal student loans compared to private student loans?
One advantage of federal student loans compared to private student loans is that federal loans typically offer more flexible repayment options and lower interest rates.
What student loans are not eligible for forgiveness?
Private student loans are not eligible for forgiveness programs offered by the government.
Can you apply for a private student loan before you apply for a grant?
Yes, but you should find out how much Grant money and Federal student loan money you are eligible for before applying for Private student loans. Grants are free and Federal student loans are cheap. Private student loans are very expensive. Avoid them if you can.
Student loans and bankrupsy.can they be discharged?
Student loans do not go through the discharge procedure, only bankruptcy's. A discharge takes place six months from the date you filed for bankruptcy. Then you have to wait two years from the date of discharge to apply for a home loan.
What is the statute of limitations on private student loans in Florida?
what is the statute of limitation on private student loans in florida
Can private student loans be consolidated with federal student loans?
Sometimes private student loans can be consolidated depending on certain factors including the rules of your lender, whether you are in deferrment or default and your credit score. You cannot however, consolidate federal student loans and private student loans together.
What are private student loans?
The private student loans are the loans arranged by the student through any of the private banks at a fixed interest rate. To apply to these private student loans you need a cosigner unless your credit rating is too good and you have a source of income.
What are student loans?
The private student loans are the loans arranged by the student through any of the private banks at a fixed interest rate. To apply to these private student loans you need a cosigner unless your credit rating is too good and you have a source of income.
Can you consolidate Private student loans into federal student loans?
no. you will have to consolidate separately. with a federal lender then a private lender.
How can you discharge student loans?
Slave wages at best.
What is the difference between private stafford and plus student loans?
What is the difference between private stafford and plus student loans?
Are there sites to explain private student loans?
There are many sited that will explain private student loans. Some are www.salliemae.com and www.suntruststudentloans.com.
What is one advantage of federal student loans compared to private student loans?
One advantage of federal student loans compared to private student loans is that federal loans typically offer more flexible repayment options and lower interest rates.
where can I get a private student loan?
Private student loans are credit-based, non-federal student loans that can help you cover any school expenses you have remaining when scholarships, grants, and federal student loans arenat enough.
Are all student loans issued by the Federal Government?
No..there are also private student loans.
Are all student loans federal loans?
No, private lending institutions (such as banks) also give out student loans.
