I Was the Biggest Jerk to Get So Buried in Student Loans

“Dear Steve, I have $130,000 in private student loans from Wells Fargo, Sallie Mae, Citibank and Discover. The minimum monthly payment is $1,595. Since graduating in 2011 with a liberal arts bachelor’s degree, I’ve made monthly minimums through myriad part time jobs, usually several at once, odd jobs and temporary positions through a staffing agency–never … Read more

What I Learned as an Attorney From Discharging Student Loans in Bankruptcy

I asked attorney Lindsay Smith for some feedback to share with you about her experiences in representing consumers against student loan companies. 1) What did you learn from defending a recent consumer against a student loan company? I learned: a) Not to assume that all student loans are “next to impossible” to discharge in bankruptcy … Read more

I’m Going to File Bankruptcy. Do I Just List My Student Loans? – Jayna

“Dear Steve, I am claiming bankruptcy and have been unable to secure steady employment since graduation. How would I file my papers to request the discharge of my student loans. Some are private through Well Fargo with a co-signer and some are student loans starting in 2002. The total amount is around $60,000 Jayna” Dear … Read more

How Can I Find a Student Loan Bankruptcy Attorney? – Katina

“Dear Steve, Thinking about filing bankruptcy but I keep being told it will not cover student loans How do I find a lawyer that will help me file bankruptcy that will include my student loans? Katina” Dear Katina, I understand what you basically want to do but I think you are asking the wrong question. … Read more

I Am an Unemployed School Principal, Drowning in Debt and Getting Divorced. – Jennifer

“Dear Steve, I will soon file a joint bankruptcy with my husband and then get divorced. I owe $170K on my foreclosed house and $154K on students loans. I was a principal and my school closed in 2011. I have gone through unemployment and now live on child support ($570/month) and food stamps. After 15 … Read more

Why Should I Pay My Student Loans? I Didn’t Get My Degree. – Katherine

“Dear Steve, I make very little money have one credit card in default that is suing me for 1700 dollars. I also am about 400 behind in my sale mae loans and have 50 thousand in private student loans. How do I deal with the card that is suing me? Is it to late not … Read more