… the Texas Senate voted on Monday to put strict limits on how much state universities can increase tuition and other charges.

The article said:

After several straight years of huge tuition hikes in Texas, the Senate voted Monday to sharply limit increases in the future, including a 5 percent annual cap for the state’s larger universities… The legislation would limit annual tuition and fee increases to no more than 5 percent – or the average rate of inflation if that figure is lower …

Permalink: /student-loans/texas-legislators-wrangle-out-of-control-college-tuition/

… they cause an “undue hardship” to the debtor, which means rarely. But what about unpaid tuition, can unpaid tuition be discharged in bankruptcy ? Well under normal circumstances, yes tuition can be discharged in bankruptcy. Let’s take a look.

If a debtor goes to school and simply fails to pay tuition, then mostly likely the debt can be discharged in bankruptcy. For example, if the school allowed a student to attend classes and not pay at all and then later attempted to …

Permalink: /student-loans/can-i-discharge-college-tuition-in-bankruptcy/

… plan for their children’s college education. But Texas state officials hope their new prepaid tuition plan, Texas Tuition Promise Fund, will help families get a head start on saving for college.

The prepaid plan will cover only undergraduate education, allowing families to lock in tuition and required fees at the current prices of Texas’ public colleges and universities according to the Dallas Morning News.

The money placed in the fund may also be used for private and …

Permalink: /dallas_bankruptcy/texas-new-prepaid-tuition-plan-beats-inflation-and-may-decrease-student-loan-dependency/

According to an article in the Dallas Morning News, Parents who invested in Texas’ prepaid tuition plan to pay for their child’s education and avoid student loans may be out of luck after November 30, 2009. On November 30 th new rules governing the program take effect that will change the way the Texas Guaranteed Tuition Plan calculates refunds.

The article said:

“The plan, which started selling contracts in 1996 as the Texas Tomorrow Fund, gave families the chance to …

Tags: Student loan Texas Tomorrow Fund Tuition

The Texas Tomorrow Fund (now known as the Texas Guaranteed Tuition Plan) which allowed parents to prepay for tuition at locked-in rates is facing bankruptcy.  The now-closed fund, also promised that if a child dies or received a full scholarship, parents could cancel the contact and receive a payout based on current tuition and fees at public universities.  Sounds like a sweet deal?  The only problem is that the fund is now facing bankruptcy because …

Tags: Colleges and Universities Education Education Reform Texas Texas Tomorrow Fund Tuition

… not really “educational loans” as defined by the Bankruptcy Code.  For example, payments for tuition or room and board are not covered if you did not receive an extension of credit.  You also had to have attended an “eligible educational institution” for the standard to apply, which means the institution must be eligible to participate in one of the government student financial assistance programs.  Of course, the majority of schools do fit into this category.  You should consult …

… not really “educational loans” as defined by the Bankruptcy Code. For example, payments for tuition or room and board are not covered if you did not receive an extension of credit. You also had to have attended an “eligible educational institution” for the standard to apply, which means the institution must be eligible to participate in one of the government student financial assistance programs. Of course, the majority of schools do fit into this category. You should consult a …

As the forces on Capitol Hill continue to hash out details regarding a national plan of attack for rising health care expenses, local governments are looking to find ways of their own to help their residents cope with the current healthcare and economic crisis. CBS 11 reported today that Forest Hill will begin offering free prescription drug discount cards. Forest Hill City Manager, David …

Comment author: a level tuition

If a debtor’s delinquent school tuition is discharged in bankruptcy, the college/university is prohibited from refusing to release the debtor’s transcript/diploma.  Most of us know that student loans are nearly impossible to discharge; but school tuition is not typically considered a student loan and can be discharged during bankruptcy.

For example, if a debtor who was paying tuition at a University, dropped out and …

… other cost savings, such as increasing health care premiums, eliminating employee benefits like tuition reimbursement, and reducing matching payments for 401(k)-style retirement plans.

Measures such as these often hurt some workers more than the actual job losses because it often causes them to experience a very real loss of income without actually losing their job. If an employee is forced to pay an additional $200 a month for health insurance, that’s like a $200 pay cut. Or, if …

… stop contributing to a minor’s college fund, they can demand that the parent cease paying tuition for or sending money to a child already in college.

While a bankruptcy trustee allows debtors to pay for necessities such as rent, food, utilities and medical expenses, paying for a child’s college education is not considered essential under bankruptcy law. Basically if your child is at least 18 years old the bankruptcy court will not allow even small contributions to the …

Students filing for bankruptcy often receive thousands of dollars in student loan money for their tuition, books, fees and living expenses. Since this is often their only source of income, many students are afraid to file for bankruptcy because they believe that their student loan money can be used to repay creditors in Chapter 7 or Chapter 13 bankruptcy. Fortunately for students, student loan money is protected from garnishment by creditors and cannot be used by a bankruptcy trustee to …