Tag Archives: student loan discharge

Student Loan Forgiveness or Discharge Can Create a Huge Tax Bill. Watch Out!

If you are one of the lucky few who have qualified for a discharge or cancellation of your student loan debt, you may be shocked to learn the debt may not be over with just yet. A reader brought to my attention that the forgiveness of student loan debt, even under a disability discharge, can [...]

Are My Student Loans on the IBR Plan Dischargeable in Bankruptcy? – Nick

“Dear Lewis, I’ve got about $80,000 in consolidated student debt on the IBR plan. Good job, making about $48,000 a year. But since I’m not a doctor, lawyer, or wall street guy, I’ll never reduce the principle, and 25 years is a long time. Would bankruptcy clear this? And if so, then why not just [...]

Can I Eliminate and Discharge My Student Loans With Bankruptcy? – Matt

Matt “Dear Steve, In April of 2004 I graduated from college with an associates in applied business. Quickly upon graduation i was startled at what i was expected to pay per month for my recent, what I thought was self improving, endeavor. Stuck with the inability to repay these student loans, I really have no [...]