Federal Court Judge Rules Woman Living Off $10,000 Income Can’t Cancel Student Loan Debt
A federal judge ruled that an unemployed woman whose income is only about $10,000 a year doesn’t qualify for cancellation of $37,000 in student loan debt because she doesn’t meet the test of “undue hardship” and didn’t make a “good faith attempt” to repay her loans. The woman, Monica Stitt, made nine voluntary payments, which were $10 each, in 1997, but did not make any payments since then, according to court documents.
Stitt is 45 years old with no dependents and receives Social Security disability benefits and public assistance. She hasn’t held a job since 2008. She borrowed $13,250, four Read More