Sallie Mae Expects Student Loan Write Offs To Increase In 2009
I just read an article in Newsweek that says Sallie Mae expects their private student loan write offs to increase in 2009. Wow, color me surprised! NOT!
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Can student loans be written off in a bankruptcy?
Mathew S asks: I am filing for bankruptcy and have several student loans. Can student loans be written off in a bankruptcy? Or do I still have to repay my student loans? Help! I need some student loan advice quickly!
Student Loan Guru: Under most circumstances Federal student loans cannot be discharged in bankruptcy. Isn’t it convienent the way the U.S. Government set this up? Many times, student loans are the reason many young people get into financial trouble.
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