Student Loans and Schedule J

[anonymuse]

Can you list student loans on Schedule J as a payment? I only want to put down the amount for an income contingent program?

I'm not sure since they are unsecured nonpriority debt. Does the trustee expect you to put them in foreberance (sp?) if they think you can force you into a Ch 13?

[ccidiot01]

Can Student Loans be placed in foreberance for 3 to 5 years?

[anonymuse]

I've never been behind on student loans and I'm only paying the income contingent program (about $200 a month). Then a thought came to me--since it is an unsecured non-priority creditor, am I considered to have been making preferential payments to them?

[lrprn]

Can Student Loans be placed in foreberance for 3 to 5 years?

Student loans can be cancelled, deferred, or put into forbearance. See http://www.nolo.com/article.cfm/pg/1...3/208/135/ART/ for all the details.

[lrprn]

I've never been behind on student loans and I'm only paying the income contingent program (about $200 a month). Then a thought came to me--since it is an unsecured non-priority creditor, am I considered to have been making preferential payments to them?

AES (American Educational Services) is listed as a non-priority unsecured creditor on our forms (we have $21K of PLUS loans) and the monthly payment to AES is included in our expenses. We are paying these consolidated loans back ourselves directly each month during our bk. So far nothing has been said by our trustee or the other creditors about this being a preferential payment.

[ccidiot01]

Student loans can be cancelled, deferred, or put into forbearance. See http://www.nolo.com/article.cfm/pg/1...3/208/135/ART/ for all the details.

I wan not specific enough. I know that Student Loans can be placed in forbearance, but I thought there was a limited number of months that was possible...I did not think you could place student loans in forbearance for 36 to 60 months. But that may vary from lender to lender.

I guess the real question here is: When I complete my schedule of expenses, can student loan payments be included since it's highly unlikely they can be discharged?

[lrprn]

I wan not specific enough. I know that Student Loans can be placed in forbearance, but I thought there was a limited number of months that was possible...I did not think you could place student loans in forbearance for 36 to 60 months. But that may vary from lender to lender.

I guess the real question here is: When I complete my schedule of expenses, can student loan payments be included since it's highly unlikely they can be discharged?

Yes. See my answer to Anon below.