Thursday, June 11, 2015

Student Loans - one type of loan you may be able to cancel...

As you will find in articles throughout your internet searches and as I have mentioned in numerous blog posts here, student loans are near impossible to discharge. But there is one class of student loans that may be easier to cancel than most. If you went to a school that closed before you finished or wrongfully took tuition from you.
Image courtesy of ddpavumba at

In the news this week is one particular school franchise. The for-profit college chain Corinthian Colleges, Inc. It "has been the target of consumer and taxpayer protection enforcement efforts by the federal government and other authorities." The Department of Education announced a new process for relief from debt of these colleges: Debt Relief for Corinthian Students—How We’re Working to Protect Taxpayers.

Though the Depart. Of Ed. does have its critics, The Department of Education’s Debt-Forgiveness Plan Does Not Go Far Enough, it is an avenue people should investigate if they have loans for any schools that were owned by Corinthian Colleges, Inc.

But this is not the only relief the Depart. Of Ed. offers. There are a few other programs someone can look into for relief. See the Department of Education's blog and website for more information: In certain situations, you can have your federal student loan forgiven, canceled, or discharged. Working with a government agency is usually not a pleasant experience but it may be your only or best option.

If you want assistance, legal representation, or just want to know more about Mark Medvesky or Medvesky Law Office, LLC, check out our website at
#bankruptcy #Chapter_7 #Chapter_13 #Montgomery_County #law_firm #Bucks_County #Pennsylvania

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