This is a pretty cool map that shows the southeastern U.S. as ground zero for the student loan crisis. Most all of Florida shows this to be a High, Very High or Extremely High debt level according to this map. I’m glad our bankruptcy court for the Middle District of…
If someone were to ask me what could be done legislatively to help student loan borrowers manage or reduce their student loan debt, I’d suggest and have suggested: 1) simplification of the IDR programs- President Trump has included this in the two most recent budget proposals – one plan that…
Student debt is no longer just a young persons’ issue. As of December 2018, approximately 8.4 million Americans aged 50 and older owe $289.5 billion in student loans, approximately 20% of total student loan debt. This represents a 512% increase from the $47.3 billion owed by that cohort in 2004,…
In an effort to ensure debtors receive a “fresh start” and not a “false start”, the Bankruptcy Court for the Middle District of Florida has implemented a Student Loan Management Program which utilizes a transparent portal to obtain relief from federal and private student loans. The SLMP is an attempt…
While I don’t generally post our client reviews, there are times where I simply can’t help myself. This one in particular shows the difference between having an advocate on your side versus getting your information from the student loan servicer — who by the way represents the creditor only. They…
Who are all these people? People who want to put an end to the student loan crisis. Most are Bankruptcy Judges from the Middle, Southern and Northern Districts. The rest are us committee members who helped to put in place a new Student Loan Modification Program which goes into effect…
A 529 account and/or a Florida Pre-paid account is a no brainer. A 529 account is NEVER taxed. As long as you use the money for educational expenses, the gains from bond interest, stock dividends and stock appreciation is never taxed. You can easily set up an account through Vanguard…
For anyone who has an interest in Public Service Loan Forgiveness, or other forgiveness programs for federal student loans, we were interviewed by attorney Kenneth Landau on his radio show that will be broadcast at 3:00 p.m. today and available as a podcast thereafter at www.NCCradio.org.
Rogers v. Rogers, 12 So.3d 288 stands for the general proposition that student loan debt incurred during the marriage is a marital liability. See, e.g. Smith, 934 So.2d 636, at 641; Adams v. Cook, 969 So.2d 1185, 1187 (Fla. 5th DCA 2007); Banton v. Parker-Banton, 756 So.2d 155, 156 (Fla.…
In the Seventh Circuit, which includes Illinois, Indiana and Wisconsin – the answer is “YES” in a ground breaking ruling against Great Lakes this week. Servicers must tell the truth when a student loan borrower asks questions about their options to repay student loans. Servicers who steer borrowers into…