Student Loans

9:30 pm 9:30 pm

How Not to Deal with the Private Student Loan Problem

Until passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), private student loans were treated as ordinary unsecured consumer debt.  That badly misnamed piece of legislation  made private education loans nondischargeable in bankruptcy except in cases of undue hardship. Several measures to relieve private student loan debtors have been introduced in Congress

4:11 pm 4:11 pm

Check that Lender’s Arithmetic!

The problem of the debt which ought to have been liquidated according to the terms of a Chapter 13 plan, but surfaces with a vengeance due to undisclosed fees and lender accounting shenanigans, is familiar in mortgage contexts but may also involve student loans, as the recent case of Carlson-Callow v. Sallie Mae Servicing, Educational Credit