Americans owe a combined $1.7 trillion in student loans, and the past few years have been a roller coaster ride. Now that the pandemic forbearance is over, what’s next? You may have your own debts, or you may be helping clients deal with these new pressures. What happens if you or your client can’t make a payment or can’t reallocate finances? Now that the pause is over and the bill collector is coming, what options are available to you and your clients?
This episode features attorney Latife Neu, who operates her own law firm specializing in student loans and bankruptcy. Student loan repayment is anything but simple, and the pieces are in constant flux. Loan policy has bounced between the Supreme Court and the White House, and the policies are anything but clear. Talk about student loans, parent plus loans, bankruptcy, the pause-restart-pause rules, and it gets complicated in a hurry. There’s nothing simple about this stew of public and private loan borrowing, forgiveness, and repayment. But we can help you understand the questions to ask and the paths to explore.
 
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RESOURCES:
Public Service Loan Forgiveness (PSLF)
IDR (Income Driven Repayment) Account Adjustment
More IDR Account Adjustment information
Garnishments and Offset Orders for Student Loans
 Student Loan Bankruptcy Discharges and Limits (Oh, It’s Complicated)
Federal Rules On Discharging Student Loan (Justice Department) 
IRS Student Loan Forgiveness Rules, IRS.gov
American Bar Association
Bar Association Litigation Section

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