Consumer Information On Filing Chapter 7 Bankruptcy. As a chapter 7 case doesn’t entail a repayment plan the way chapter 13 does, the bk trustee will sell the available non-exempt assets, applying the proceeds to those creditors holding claims, such as lien holders and mortgagees, in accordance with BK Code provisions.
The Pros And Cons Of Consolidating Student Loan Debt. Many students who enter college must take out loans to pay off their tuition, room and board and other expenses. The thousands of dollars in student loans can be overwhelming for some people, and they wonder how they will pay off all their loans on time. It is possible for students to consolidate all their loans into one loan with one monthly payment and one interest rate.
The Income-Driven Repayment Plan For Student Loan Debt. If you have a high student loans debt to income ratio, an income-driven student loan repayment plan may help you. Based on the borrower's income, the Pay-as-You-Earn Repayment Plan, Income-Contingent Repayment Plan, and Income-Based Repayment Plan are three plans that can make student loan payments affordable
Federal Student Loans Vs. Private Student Loans. Paying for college is an expensive endeavor. Many students who attend college require financial aid to pay for their education. These loans can be either federal student loans or private loans. There are clear differences between the two types of loans.
What You Need To Know Before Shopping For Student Loans. If you plan to take out student loans, you are generally limited to two options: federal and private loans. Federal loans are offered by the government and have many benefits, including fixed rates, interest subsidies and loan forgiveness. On the contrary, private loans are usually offered by banks and can carry rates up to the double-digits
The "Payback Playback Plan"Implemented to Alleviate Student Loan Debt. WASHINGTON, D.C. — Recently, the Consumer Financial Protection Bureau (CFPB) released the Student Loan Payback Playbook. This document contains a series of prototype disclosures that suggest and outline affordable pathways that borrowers can utilize to relieve student loan debt stress.
The Difference Between A Direct Subsidized And Direct UnSubsidized Student Loans. Students who need financial help can choose either Direct Subsidized Loans or Direct unsubsidized Loans. When comparing those two types of federal student aid, applicants find that subsidized student loans offer somewhat better terms.