Question: Dear Steve, My husband attending the Connecticut School of Broadcasting in 2008. The school closed in 2009, in the middle of him going to school. He was one of the few who showed up at the campus to find the doors chained and locked. We’ve been fighting to pay off his student loan since …
Crocker v. Navient Solutions, a recent Fifth Circuit decision, is a small win for student-loan debtors. Essentially, the Fifth Circuit ruled that a private student loan obtained to pay for a bar review course is dischargeable in bankruptcy. (The opinion also includes extensive analysis and ruling on a jurisdictional issue, which will not be discussed …
A reader sent in the following statement regarding a case filed in Texas, “Just including a recent decision from the 5th circuit court of appeals that says Navient private student loans are discharged when bankruptcy is discharged, and that any contempt violation that occurred has to be in the court it happened.” I’ve actually written …
Question: Dear Steve, My daughter needed a small loan with a cosigner for tuition. My husband cosigned for her. She also had another small loan the next semester to which she took out without anyone cosigning. Sallie Mae defaulted on the the loan that was only on her name. Claiming they had sent mailings to …
Justice takes time. In 2016 I first wrote about Navient and Sallie Mae student loans that clearly appeared to be eligible for and dischargeable in bankruptcy if people had filed. See this post for more. At issue was the fact the student loans pushed by then Sallie Mae were not protected in bankruptcy from discharge …
Attorney Chad Van Horn in Florida, who by the way was just named a leading bankruptcy attorney, has an interesting case going. In this case, he is pursuing damages against Navient for continuing to attempt to collect on student loan debt following the bankruptcy discharge of his client. Van Horn raises a very interesting issue. …
Question: Dear Steve, I borrowed around 100k to go to college, as I did not have a choice in borrowing, only in how much and if I needed to borrow 70k for SUNY school than why not 100k for private. That was in 2007 before the recession. I am now turning 30. I owe 175+k. …
Question: Dear Steve, A $58K private student loan that recently went into default. My take-home pay is somewhere between $24-25K. I also have federal loan debt that is more than my Sallie Mae loan, but that is currently on an income-driven repayment plan. I’ve tried multiple times to consolidate and reduce my Sallie Mae loan …
Question: Dear Steve, Paying on husband’s Sallie Mae student loan for 22 years. We have been paying on my husband’s 1994 student loan for 22 years. Seems there is no end in sight. Who can we contact about your article and SM? Heidi Answer: Dear Heidi, There are so many unanswered questions because of the …
Question: Dear Steve, I am 66 and on a very limited income. I can’t pay back my student loan. It’s almost $10,000. I’m retired. It was with Sallie Mae I’ve had it forgiven. However I received a letter today on applying again. I can never get this paid back. I paid one company $1700 to …