Articles Posted in Student loans

Don’t let this happen to you or one of your loved ones!  Take action now!  Tell your loved ones and friends to take action now.  Don’t wait for Congress.  With the $2,000 stimulus that is now likely, it appears that President Elect Biden may have to push any meaningful student loan relief further down the road.  Also what will that relief mean:  10k reduction is my best guess – after Congress approval.  Why not reach out to us and go for the the whole tamale.  10k is usually nothing for most of our clients.

This is a review we received today from a very happy client in Tampa Florida after we got rid of ALL of his federal student loans:

Thank you so much, you have no idea how appreciated you are for your all of your time work, and effort {to eliminate 100% of my student loan debt tax free}.

Are you receiving notices from any of these five companies?  If not yet, you likely will in the next few months.

• EdFinancial Services
• F.H. Cann & Associates

The question as to whether the private student loans were incurred “solely to pay qualified education expenses” under 26 U.S.C. Section 221(d)(1) is where these cases are won or lost.

In Conti v. Arrowood Indemnity Co., No. 20-1172 (6th Cir. 12/14/20), the Court affirmed a bankruptcy court’s judgment against the borrower, and refused to consider arguments that were not raised at the trial court level.

Why is Conti decision important?  Two reasons.  First, it put a lot of emphasis on the purpose of the loans – as opposed to their actual use.  Court vary on this approach and it may depend upon where you live as to what approach is used by your courts.  Second, the Sixth Circuit emphasized the need to fully flesh out all available legal arguments and facts at the trial court level.

Join us tomorrow at noon EST/ 11:00 CST for a Facetime Interview between Jamie (Miller and Miller in Wisconsin) and Christie (Arkovich Law in Florida) as we discuss why NO ONE should feel compelled to return to work right now, just to be able to pay their student loans.

There are new avenues to say “Goodbye” to both federal and private student loans in many situations!  Things that everyday people and even your average bankruptcy attorney have no idea about!  NONE of these things we are doing for clients right now involve a future Act of Congress.  None.

“A lot of people, even some of the lawyers who represent consumers, thought for years that you really shouldn’t even try because there’s not a chance you’ll win, but I think everyone is looking at it now with sort of a fresh look,” says John Rao, an attorney with the National Consumer Law Center.