06 Apr Will Your Student Loan Debt Drive You To Bankruptcy?
Will student loan debt ultimately lead you to filing for personal bankruptcy?
With record amounts of money being borrowed to pay the rising costs of tuition around the country, the outlook can look pretty bleak.
In fact, national student debt topples credit card debt by at least $100 billion.
Even back in 2012, we wrote about the increase in clients walking into our office with exuberant amounts of student loan debt, primarily from for-profit colleges.
What’s worse is student loan debt is ridiculously hard to discharge. Typically only special situations of undue hardship enable you to discharge student loan debt.
It is much easier to be aware of the facts and avoid walking down the wrong path entirely.
An interesting infographic from ecampus.com shows the current student debt landscape.
If you feel your student debt is impacting your financial health, contact us for a Free consultation and we can explore your options.