A legislative committee is set to take comments on a Republican bill that calls for reimbursing student loans for out-of-staters who move into rural areas in Wisconsin.

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Graduating from law school with significant student debt is nothing new for young attorneys. But according to the National Association of Law Placement, starting salaries in the legal profession have fallen 13 percent over the past six years.

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The rise in health care-related consumer debt, student loans, shoddy record keeping by creditors and abusive practices by debt collectors are leading federal regulators and lawmakers to crack down on third-party debt collectors and call for tighter rules applying to them.

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With huge numbers of students facing crushing debt and national student loans surpassing credit card debt, some lawyers have found a new niche: representing clients hounded by student loan creditors, debt collectors and loan servicers.

Tagged with: Fair Debt Collection Practices Act Student loans

The mantra is repeated over and over: You can’t discharge student loans through bankruptcy. However, while it’s reality for most indebted people, the conventional wisdom isn’t quite true.

Tagged with: Bankruptcy Blawg Log Student loans

A new federal study recommends changes in consumer protection and bankruptcy law to provide relief for those Americans saddled with a share of the country’s $1 trillion in student loan debt, largely blaming private lenders for the problem.

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Wisconsin’s bankruptcy courts are divided over whether a Chapter 13 debtor can give preferential treatment to student loan debts.

Tagged with: Bankruptcy Digest Student loans

Bankruptcy Student loans Student loan obligations are not a special circumstance under 11 U..C. 707(b)92)(B); but a debtor may separately classify the loan obligations and maintain regular payments on them. “The Debtor has failed to demonstrate that the repayment of ...

Tagged with: Bankruptcy Digest Student loans