Mint and sell a NFT – preferably a Mutant Ape. Those that know, know. Those that don’t, start learning about Web3. I read on Twitter that someone paid off their student loans with one NFT sale this weekend. That’s one lucky dude. Congrats! For some fun reading, subscribe to NotBoring…
Articles Posted in Student loans
Monday doldrums quashed: Another 260k in federal student loan debt vanquished
“I just found out that my TPD application was approved!!! I can’t describe the utter disbelief, deep gratitude and tremendous relief I am feeling right now!! Thank you so much to you and your team!! The last 12 months have been extremely difficult for me so this is incredible news!”…
Millennials are Starting to Get on Track to Creating Wealth
Entrepreneur Magazine noted today that Millennials look at different ways to handle their money compared to their parents — which may lead them to become the wealthiest generation in history. They: Embrace digital money management. Consider ways to refinance or get their student loans forgiven. Delay home purchases, and when…
Drinking wine (or beer) helps with interpretation of recent case law to discharge private student loans.
In light of the recent decision in Hilal K. Homaidan v Sallie Mae, Inc. et al., U.S. 2nd Circuit Court of Appeals, No. 20-1981, are private student loans now considered discharged? Does this only apply in the 2nd Circuit, as well as the 5th and 10th Circuits that have…
Behind the Scenes Student Loan Reform: It’s Happening Right Now!
While everyone was talking about CyberPunks and NFTs on Twitter this weekend, as well as the impact of various amendments to the infrastructure bill and how they may affect cryptocurrencies and development in blockchain tech, there was significant movement on the student loan front. Late Friday afternoon, the Biden administration…
Biden Extends Pause on Federal Student Loan Payments
As anticipated, President Biden once again extended the forbearance on federal student loan payments to January 31, 2022. Here is the Press Release. Special emphasis is given that this will be the FINAL extension. Remember, this has no effect on private student loans.
Walmart Paying Student Tuition!
CNN business recently reported that Walmart has announced that it will provide free tuition for its employees to attend college. I don’t recognize any of the participating schools below so not sure how much this will impact our Florida clients, but it’s definitely a step in the right direction. Especially…
Can a Private Student Loan be Discharged in a Bankruptcy – New Homaidan case!
Another nail was pounded into the private student loan coffin last week when a new case came out against Sallie Mae. A private student loan is not a conditional grant and therefore does fall within the meaning of section 523(a)(8)(A)(ii) which excepts from discharge an “educational benefit, scholarship, or stipend.”…
How did the Stimulus Bill Forgive Taxes on Student Loan Settlements and Forgiveness?
We’ve received questions about how exactly did the recent stimulus bill affect student loan forgiveness and any resulting taxable event? Here is the actual text of the change in law below. As you can see this includes any taxable forgiveness of federal or private student loan debt. So the time…
New Rules to Help Those with Student Loan Debt Qualify for a Mortgage
Are you looking to buy a house now? Waiting could cost you as inflationary pressures will likely cause your dollar to decline. Moreover, interest rates will begin to rise in 2022 – 2023 as the Fed begins to normalize the interest rate. If you have student loan debt that has…