A recent study by Student Loan Hero discovered that the LGBTQ has more student loan debt than any other group of students. The summarized findings are as follows:
- Sixty percent of the LGBTQ regret borrowing on student loans versus forty-five percent of students in general.
- More than twenty-five percent of LGBTQ borrowers feel their debt is unmanageable.
- Fifty-three percent of LGBTQ borrowers are more likely than the general population to make less than $50,000 a year. Lower income may be tied into discriminatory acts, especially considering that more than half of the United States allows job termination due to sexual orientation and/or gender identity.
- One-third of the LGBTQ community states they were denied financial help due to their gender and/or sexual orientation.
- The LGBTQ community is less prepared for retirement. The general student borrower population has retirement savings (fifty-six percent) versus LGBTQ which is at forty-seven percent.
- To make matters worse, thirty-three percent of the LGBTQ community have been kicked out of their homes because of their sexual orientation or gender identity.
Alexander Hernandez, Esq.
Alexander Hernandez is a bankruptcy attorney practicing in Jacksonville and the surrounding areas, including Miami, Florida. He is also the author of numerous books that could be found via this link.
The Department of Education came out publicly and stated they wish to consider options for students loans and bankruptcy.
Once a case goes through the foreclosure process, the final step is to list the property for sale at an auction. In this case, the business owners of the inn are filing for bankruptcy in order to stop the sale of the home.
Paul Teutul of American Chopper, filed for Chapter 13 bankruptcy in New York.
Alexander Hernandez represents clients in the areas of Chapter 7 Bankruptcy, Family Law/Divorce, and car and motorcycle accidents.
(904) 712-5565 or (305)-688-LAWS (5297).