Student Loans
,

Student Loans

In 2016, Jane argued In re Belton, which resulted in new law in South Carolina permitting debtors to cure their defaulted student loans within a plan.  This means if a student loan is in default, it can be paid in full in the plan over the term of the plan.  This potentially can aid debtors in finding a job requiring student loans to not be in default, such as a government job.

The firm encourages debtors to consider the IBR/IDR whereby debtors pay back a portion based upon a percentage of their discretionary income. This percentage is can be between 10% to 20% of discretionary income depending on the program. For more specifics on the individual programs, you can check the IBR/IDR link above.

For more information on the student loan debt program with the South Carolina Bankruptcy Court, you can see their website.