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.
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.
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.
Under certain circumstances a loan may be forgiven by the lender, but age has nothing to do with it.
Yes, Nelnet loans can be forgiven under certain circumstances, such as through Public Service Loan Forgiveness or other federal forgiveness programs.
List all of your loans and debts. They are all covered in your bankruptcy.
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.
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.
no
A loan is not a taxable transaction. If the loan is forgiven, the brother would have to pay income tax on the forgiven amount.
Under certain circumstances a loan may be forgiven by the lender, but age has nothing to do with it.
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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Yes, Nelnet loans can be forgiven under certain circumstances, such as through Public Service Loan Forgiveness or other federal forgiveness programs.
yes
List all of your loans and debts. They are all covered in your bankruptcy.
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.
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