Posted on December 14, 2009 at 4:46 am Hi I heard that bankruptcy can't discharge student loans -- and I heard about that student debt relief act--just don't know exactly what that is, will you discuss it? thank you!

Posted on December 14, 2009 at 4:59 am Hi there, I don't know much about the student debt relief act either but I got this on a site:On January 22, Sen. Edward Kennedy (D-MA) introduced the Student Debt Relief Act of 2007 (S. 359) along with Senators Durbin (D-IL), Lieberman (D-CT), Mikulski (D-MD), Obama (D-IL), and Schumer (D-NY) as cosponsors. The proposed legislation increases the Pell Grant to $5,100 for the 2007-08 academic year, and increases it in incremental steps thereafter to reach a maximum of $6,300 in the 2011-12 academic year. The Pell Grant would increase according to the following schedule:

• 2007-08 Academic Year: $5,100
• 2008-09 Academic Year: $5,400
• 2009-10 Academic Year: $5,700
• 2010-11 Academic Year: $6,000
• 2011-12 Academic Year: $6,300

Source: http://www.nasfaa.org/publications/2007/rstudentdebtreliefact012407.html

Posted on December 14, 2009 at 5:00 am Hey thanks but do you think it has something, some relief or help to pay off student loans?

Posted on December 14, 2009 at 5:03 am It has:"a partial financial hardship deferment, allowing Stafford or * GradPLUS borrowers to limit their monthly student loan repayment amounts to 15 percent of borrower's income that exceeds 150 percent of the poverty line applicable to the borrower's family size. Additionally, the Secretary of Education is instructed to *cancel any loan after 25 years of being in an economic hardship, partial economic hardship, standard repayment, or income contingent repayment status. Finally, the proposed statute does away with the three year limitation on economic hardship deferments. In a related provision and applicable to only borrowers with Direct Loans,* borrowers employed in public service would receive loan forgiveness after 120 payments under the income contingent repayment plan"

Posted on March 22, 2010 at 5:40 am This has nothing to do with the student debt relief act - but I heard that something is happening with the health care issue? Health care act reform was it?

Posted on April 7, 2010 at 4:49 am Go through the following link: nasfaa.org/publications/2007/rstudentdebtreliefact012407.html