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Here's what you should know about student loans in Texas. Texas borrowers owe $31,367 on average in federal and private student loans — 15% less than the $36,689 for the average borrower in the ...
The cost of private law school has more than doubled since the 1980s, while attending public law school is almost six times as expensive. Over a third ( 36.7% ) of law schools offered conditional ...
According to Sallie Mae, as of 2021, 1 in 8 families are using private student loans when federal financing does not cover all college costs. [41] In July 2021, the U.S. Second Circuit Court of Appeals ruled that private student loans are dischargeable in bankruptcy, [42] following two other cases. [43]
Since then, about half of private student loans offer death and disability discharges. In 2011, The New York Times published an editorial endorsing the return of bankruptcy protections for private student loans in response to the economic downturn and universally increasing tuition at all colleges and graduate institutions. [18]
Key takeaways. To get student loans discharged, you'll need to prove that they cause you "undue hardship." Borrowers can choose between Chapter 7 and Chapter 13 bankruptcy, but they must file a ...
For federal student loans, default requires non-payment for a period of 270 days. For private student loans, default generally occurs after 120 days of non-payment. [1] In 2021, outstanding student loan debt has reached a record more than $1.8 trillion. [2]
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