An important factor that sets student loan debt apart from all other kinds of debt is that it’s just about impossible to rid yourself of it. Even borrowers that end up in such financial burdens file for bankruptcy and struggle to get a fresh start void of their student loan debt.
But a few cases working their way through the legal system could alter that. They increase the possibility that the courts might offer a loose definition of how difficult the borrower’s financial situation is before a bankruptcy judge can justify discharging his or her loans.
It’s not just young people struggling to pay back student loan debt but more and more retirees are struggling due to this student loan debt burden. An estimated 700,000 seniors on Social Security are still paying off student loans. Recently nearly 160,000 of these retirees have had their disability and retirement payments garnished to pay down student loan debt.
Student loans have quickly become a necessity for paying for a college education. Too many students fall into the a scary situation where they fall into one of these categories: Too Poor to afford College, Too much money For Financial Aid. But there are two more things that a lot of graduates are doing that might be making their student loans far more expensive. This is why you need to know about our available student loan services
Learn more about Student Loan Services, student loan servies san diego
When talking about student loan debt, there is really no escape, and there are no shortcuts to follow. But when times get tough, people who are burdened by high student loan debt look for every possible option to get out. Make sure you are educated and contact us about our student loan services.
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