News Formal

A new law may fix student loan debt when filing for bankruptcy - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

España Noticias Noticias

España Últimas Noticias,España Titulares

It's almost impossible to get rid of student loan debt when filing for bankruptcy, but help may be on the way (via GoLendEDU)

Nearly one-third of bankruptcy filers also carry student loan debt, which is virtually impossible to dischargefor analysis, 32% of them involved student loan debt. In other words, 32% of consumers that attempted to discharge their debts in bankruptcy also carried student loan debt, which will almost surely linger on even after all other debts have been successfully cleared.

And it turns out that struggle will be quite arduous, as it was found that student loan debt comprises a significant portion of this cohort's total debt.For the 32% of bankruptcy filers that carried student loan debt, student loans made up 49% of their total debt on average.

In these instances, student debt-ridden consumers are not getting financial restarts through bankruptcy, but a continuance of their issues with no end in sight as long as those student loan payments keep commanding an untenable portion of their income. Help could be on the way from Washington, DC

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 729. in ES

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Apple may have to open NFC technology to others - Business Insider - Business InsiderA German law would make Apple offer NFC technology to other firms – impacting Apple Pay since it doesn't currently offer its NFC technology to others.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

How Brazil is leading Latin America's fintech revolution - Business InsiderLatin America Fintech Snapshot - Brazil: BIIntelligence examines how the region's economic powerhouse is leading its fintech revolution
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

Apple's new 16-inch MacBook Pro keyboard is just like Magic Keyboard - Business InsiderApple's new 16-inch MacBook Pro has a keyboard that's nearly identical to its Magic Keyboard, an upgrade from its much-criticized butterfly keyboard.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

The Trump administration granted Huawei a new 90-day license extension - Business InsiderThe newest license comes amid discussions between the United States and China to resolve a trade war that has roiled for over a year.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »