Marginal Effects of a Complete Dischcarge of Student Loans

From: Journal of Law and Education | Date: April 1, 2005| Author: | Copyright information

I. INTRODUCTION

In the United States, an individual who meets the qualifications is able to get student loans from the federal government to help them finance their higher education. There is a federal law in place that is designed to deter individuals from abusing and misusing this system. In Chapter 11 of the United States Code §523(a)(8), an individual who has received these educational loans is barred from having them discharged under bankruptcy law, unless one exemption requirement is meet. The loan may be discharged if repaying it will impose an "undue hardship" on the debtor or the ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Student loans may be discharged due to undue hardship, rules 9th Circuit
; ...debtor may obtain an undue hardship determination substantially...on her $100,000 in student loans since 1999. She filed...debts declared an undue hardship under 11 U.S.C. [section...trying to repay her student loans since 1999, which...impediment to the undue ...
Should Chapter 13 Plans Discharge Student Loans?
; ...debtor must prove undue hardship before obtaining...authority, making student loans difficult to...As a result, student loans can no longer...dischargeability of the student loans as being an undue hardship on the debtor...non-payment of the student ...
Student loans in bankruptcy
; ...discharge will impose an undue hardship on the debtor and the...dischargeable only for undue hardship. If the debtor did not...dischargeable. WHAT IS AN UNDUE HARDSHIP? Congress chose not to define the phrase "undue hardship" in the Bankruptcy Code...discharge will ...
The Solomonic Choice: Sixth Circuit Developments on the Role of Partial Discharge of Student Loans in Bankruptcy and the Beginning of the End of the Full Discharge of Student Loans Under the "Undue Hardship" Standard
; ...A BRIEF HISTORY OF STUDENT LENDING AND THE DISCHARGEABILITY OF STUDENT LOANS IN BANKRUPTCY...358 B. The Undue Hardship Standard and Disagreement...PARTIAL DISCHARGE OF STUDENT LOANS IN BANKRUPTCY...dischargeability of student loans has become increasingly...full ...
11th Circuit rules debtor with medical disability can discharge student loans
; ...disability precluded him from repaying his student loans was not required to produce corroborating medical evidence to establish undue hardship, the 11th Circuit has ruled. The debtor incurred $45,000 in student loans pursuing a college degree while a...judge concluded that the ...
Bad deal on student loans
; ...County, NJ) 02-13-2007 Bad deal on student loans By MICHAEL DANNENBERG and PHILLIP LONGMAN...life burdened by almost $20,000 in student loans. Among those graduating from four-year...right to make government-guaranteed student loans, we can do much more to ensure that...
Undue hardship and reasonable accommodation: the view from the court.
; ...to accommodate an employee short of undue hardship under Title I of the Americans With...so; when accommodation would pose an undue hardship, the employer has no duty to act. Employers...do so. As a result, the concept of undue hardship means that in certain cases whether...
GRASSLEY Q&A: STUDENT LOANS
; ...Immediate Release Grassley Q&A: Student Loans May 9, 2008 Q: How has the credit crunch affected student loans? A: Turmoil in the financial markets...students are relying on federal student loans and, increasingly, private student...
Husband's failure to pay back student loans can hurt couple
; Question: I just paid off the last of my student loans in December. But my husband has thousands of dollars in outstanding student loans that he has never paid on. Do I have to pay his student loans because we are treated as one financial...
Taxpayers met GBP 60m interest bill after sale of student loans to banks
; ...to help pay the interest on Scottish student loans, it emerged yesterday. Gordon Brown...off GBP 200 million worth of Scots student loans to banks in 1998 and 1999 as part of...defended the decision to sell off the student loans to banks and rejected calls for student...