Pelley Law Office LLP
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214-733-1775
972-608-0335
903-813-4778

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June 2015 Archives

U.S. Department of Education announces student debt relief

Texas residents may be aware that several for-profit colleges have been criticized for burdening their students with excessive debt. The debt issue along with poor graduation rates and limited job prospects for students who do manage to graduate led to a government crackdown in 2010. A bankruptcy filing on May 4 by Corinthian Colleges, which had been one of the nation's leading for-profit higher education companies, left approximately 78,000 students in an uncertain situation, but a June 8 announcement by the U.S. Department of Education indicates that many of them will see their debt forgiven.

Managing debt as a senior

Older Texas residents who are struggling with debt may be interested to know there are a number of strategies they can use to reduce those obligations. First, it is necessary for people to understand their finances. Looking at cash flow might reveal places where savings can be made and applied toward paying off the debt instead.

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Office Locations

Plano office
Sherman office
Dallas office

Plano Office
1312 14th Street, Suite 100
Plano, Texas 75074

Phone: 972-608-0335
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Sherman Office
905 North Travis Street
Sherman, Texas 75090

Phone: 903-813-4778
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Dallas Office
6060 North Central Expressway, Suite 602
Dallas, Texas 75206

Phone: 214-733-1775
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