Student loans do not go away. And, in most instances, filing bankruptcy will not get rid of them. Besides paying off student loans there is another way to get rid of student loan debt. Your student loan may be eligible for student loan forgiveness. A 2017 report by the Consumer Financial Protection Bureau estimated that…
Negative accounts, even paid defaulted loans can remain on your credit report for seven years from the original date of the first missed payment that led to the defaulted off status.
The average student loan borrower who graduated in 2015 will have to pay back $35,000 according to an analysis of government data by Mark Kantrowitz, publisher at Edvisors, a group of websites about planning and paying for college. It is likely that some of these students will end up defaulting as millions of Americans are struggling to…
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