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…
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…
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.
More people than we think are involved in the crypto world. It is a way for our younger generation who understands the tech behind blockchain to perhaps improve their way of life. It’s a way for our industries to be more transparent, competitive and efficient. Unfortunately, the infrastructure bill is…
Now that we are starting to see eviction moratoriums end, I thought this was a good time to discuss how a bankruptcy can be used to gain more time if needed especially for higher wage earners that haven’t found employment yet – perhaps technology has displaced their jobs for instance.…
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…
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.”…
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…
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…
Now that the Department of Education (“ED”) is committed to revamping the Borrower Defense to Repayment rules and procedures, I thought it was time to re-visit an old foe. I was disappointed to find Accrediting Counsel for Independent Colleges and Schools (“ACISC”) was STILL in business. Despite the sudden closures…