student loan issues and lawyer question recommendation

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aviator41

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I tend to agree with that statement. As expensive as college is, you may end up spending the rest of your life paying off the loans. Happens all the time. Go to college, get a degree, can't find a job. settle on a crap job cause lets face it, four years of ramen noodles is enough, and you still have to pay off the loans.

This problem has been in the news a lot lately. Bachelors Degree holders working at starbucks because they can't get a job in the industry they have their degree in. Newly minted BA holders were especially hard hit when the economy tanked. For their entire lives they were fed the lie that a college degree is the way to get that high paying job and ahead in life. So, they enrolled in college, worked hard to get that degree and left with two pieces of paper: a degree and a giant bill.

college tuition costs are skyrocketing while the value of the degree received is plummeting.
 

BadgeBunny

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Believe it or not I do know of a girl who got her student loans discharged in bankruptcy court. BUT ... I only saw it happen that one time (and I worked in BK for years and years and years). She apparently proved to the Judge's and Trustee's satisfactions that to repay her student loans would have "forced an 'undue hardship'" on her minor child, IIRC ... I don't remember the girl's name but she was a paralegal for one of the lawyers in an office I worked at. It was around 2003, I think ... Don't quote me on the year because it's been a long, long time ...

That said ... even if you could find the case and mirror her pleadings (she did all her own legwork on it), it would be a needle in a haystack with regard to getting an amicable Judge and Trustee ... I remember the attorney she worked for telling her she didn't have a snowball's chance in hell ...
 

NikatKimber

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See, this is why I would never encourage a kid to go to college if they had to borrow money to do so.

I tend to agree with that statement. As expensive as college is, you may end up spending the rest of your life paying off the loans. Happens all the time. Go to college, get a degree, can't find a job. settle on a crap job cause lets face it, four years of ramen noodles is enough, and you still have to pay off the loans.

This problem has been in the news a lot lately. Bachelors Degree holders working at starbucks because they can't get a job in the industry they have their degree in. Newly minted BA holders were especially hard hit when the economy tanked. For their entire lives they were fed the lie that a college degree is the way to get that high paying job and ahead in life. So, they enrolled in college, worked hard to get that degree and left with two pieces of paper: a degree and a giant bill.

college tuition costs are skyrocketing while the value of the degree received is plummeting.

What these guys said.
 

daytomann

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my wife has student loans for her schooling threw Sally may and she has been paying as much as we can afford on them but her payment that they set for her is more than our house payment and so the loan officer told her to pay what she can. well long story short they called her today and threatened to garnish our paycheck and income taxes if we don't pay the set amount of $$ that told my wife so my question is can they do that or do we need to talk to a lawyer? and if so can anyone recommend one?

Hold on. You took out a loan, agreed to pay it back at those terms but now you can't? Plus you actually believed some jenky advise to short pay your monthly payment from the *uh-hum* "loan officer"? And now your pissed that they are coming after her?
Wow.

Unless some of the above options Pan out, your screwed.

Well good luck to her.
 

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