The Dept of Education restarted collection action on 05/05/25. If your student loan is in behind, contact your servicer for options to cure the default. Income Based Repayment plans are available. Once a loan is in default, the US can take collection action including wage garnishment, garnishment of social security [...]
Easier is not the same as easy! In the past, discharging federal student loans in bankruptcy has been very difficult. The Department of Justice fought discharges tooth and nail. Discharging student loans through bankruptcy was unrealistic because it was expensive and exhausting for borrowers (and their attorneys). The Department of Justice has released [...]
If you are a public servant, such as first-responder, teacher, government employee, non-profit employee, nurse, etc., you have a limited window to obtain credits for payments made under the Public Servant Forgiveness Program. Under the Public Servant Forgiveness Program, a student loan borrower with qualifying loans is required to make 120 qualifying payments. Then, [...]
For federal student loans, the forbearance program is extended until at least January 31, 2021. This means at least a temporary pass on qualifying loans with no interest for a few more months. At Cross Stone Law, we only handle bankruptcy cases. We will evaluate your student loan debt for the possibility of discharge [...]
Bankruptcy cannot wipe out child support, certain back taxes, criminal fines, and most student loans. Bankruptcy cannot do away with the payment of most secured debt unless the debtor is willing to pay for the property, although you may be able to catch up over time, lower the monthly payment, reduce the interest rate, [...]