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A law was passed in 1998 that has made it even more difficult to discharge a student loan in bankruptcy. It is incredibly difficult to discharge a loan in this way, and the only approach is to convince a court that repaying the loan would create a severe hardship for you. Otherwise there are options to research into getting your loan payments postponed and/or deferred.
What else can I help you with?
How can I determine if my student loan has been forgiven?
To determine if your student loan has been forgiven, you should contact your loan servicer or the Department of Education. They can provide you with information on the status of your loan forgiveness application and confirm if your loan has been forgiven.
How can I have my student loan forgiven?
One can have a student loan forgiven if one has no money at all to pay or if one joins a program called student loan which basically pays every penny of ones loan.
Can student loan be canceled after you reach a certain age?
Under certain circumstances a loan may be forgiven by the lender, but age has nothing to do with it.
Can Nelnet loans be forgiven?
Yes, Nelnet loans can be forgiven under certain circumstances, such as through Public Service Loan Forgiveness or other federal forgiveness programs.
Does a perkins loan get forgiven in a bankruptcy?
List all of your loans and debts. They are all covered in your bankruptcy.
How can I determine if my student loan has been forgiven?
To determine if your student loan has been forgiven, you should contact your loan servicer or the Department of Education. They can provide you with information on the status of your loan forgiveness application and confirm if your loan has been forgiven.
How can I have my student loan forgiven?
One can have a student loan forgiven if one has no money at all to pay or if one joins a program called student loan which basically pays every penny of ones loan.
Can you get a student loan forgiven if you can't pay?
no
My brother wants to borrow 150K from me. Is my brother or I obligated to pay taxes to Uncle Sam?
A loan is not a taxable transaction. If the loan is forgiven, the brother would have to pay income tax on the forgiven amount.
Can student loan be canceled after you reach a certain age?
Under certain circumstances a loan may be forgiven by the lender, but age has nothing to do with it.
Are federal student loans forgiven at age 65?
Federal student loans are not automatically forgiven at age 65. However, for certain federal student loan programs and repayment plans, any remaining balance on the loan may be forgiven after a certain number of years of qualifying payments or through programs like Public Service Loan Forgiveness. It's important to check the specific terms of your loan and consult with your loan servicer or a financial advisor for more information.
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Can Nelnet loans be forgiven?
Yes, Nelnet loans can be forgiven under certain circumstances, such as through Public Service Loan Forgiveness or other federal forgiveness programs.
Does a perkins loan get forgiven in a bankruptcy?
List all of your loans and debts. They are all covered in your bankruptcy.
My sister who had a loan with my parents feels that it is forgiven since they both died. Is the loan now transferred to the brothers and sisters that are equal trustees or is it forgiven?
The debt is owed to the estate. The executor has a duty to collect it. The money can be credited toward her share of the estate if there is enough to cover it.
How can I have my debts forgiven in the United Kingdom?
I can get my loan forgiven in United Kingdom with Money Advice Service. People who are troubled by debt. With the help of Money Advice Service, your entire loan can be waived off. For more information contact us toll free no 03338803165...
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