Help for New Jersey student loan problems...CALL (201) 676-0722

Category Archives: Federal student loans

Has your student loan debt hit the roof?

5930039474_7a5af71e59_zInstead of working another day for another dollar – it’s for another student loan payment, right? Just ask any recent college graduate, whose average student debt is nearly $30,000! If you’re a former college student with high student loan debt, you know how hard it is to make your student loan payments.

Not only are the loan payments hard to make, but student loan debt is also complicated. You have to deal with different payment plans, different debt collectors, and sometimes ever different interest rates on each one of your loans. Many people don’t understand all of these different elements of student loan debt. In fact, all of these different elements have different rules that change depending on what type of student loans you have.

Under these different rules, your monthly student loan payments could change depending on what kind of student loan you have. Do you know all the rules that apply to your student loan? Make sure you’re not being penny wise but pound foolish – plan for your future and call now to schedule a student debt consultation.

Call attorney Jennifer Weil at (201) 676-0722 to schedule your consultation.


Photo credit:

Will Obama’s new student loan program help me with my private loans?

In a word, no.  First of all, the “new program” isn’t really a new program at all – it’s an extension of a program that Obama first signed into law in 2012, known as the “Pay As You Earn” program (or PAYE).  Originally, the 2012 version of PAYE allowed only *new* student-loan borrowers to pay… Continue Reading

Medical debtors’ student loans the subject of new Senate bill

Another bill has been introduced that would allow student loan debt to be discharged in bankruptcy under certain circumstances.  Debtors who were driven into bankruptcy by medical debt or lost income due to the medical problems of a relative would be eligible for student loan debt forgiveness under a new bill that has very little… Continue Reading

Private student loan discharge in bankruptcy proposed in new bill

Senator Tom Harkin has proposed a bill to make private student loans dischargeable in bankruptcy and to automatically enroll people who owe student loans in income-based repayment.  Harkin’s bill, called the Higher Education Affordability Act, contains many other proposals that are less helpful to people who owe student loans now or who will in the future.  As… Continue Reading