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The borrower's bankruptcy options on student loans have shrunk to a very few. Changes to the Bankruptcy Code in late 1998 made student loans non dischargeable, regardless of the age of the loan, unless the borrower can establish substantial hardship. Changes in 2005 made even private student loans non dischargeable.
If you default on your loan you will have to certify eligibility for a new loan. Schools require evidence that you've made satisfactory arrangements to repay.
Do you have to take a credit course to file bankruptcy in Oregon?
by Answerbag Staff on July 14th, 2010
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How do I file for bankruptcy in Nevada?
by Answerbag Staff on June 28th, 2010
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Do you report a bankruptcy on your taxes?
by Answerbag Staff on June 26th, 2010
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Does anyone regret filing bankruptcy?
by J_B1969 on August 27th, 2009
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I able to file chap. 7 to discharge my dmv dui surcharges from nj. If not chap. 7 is there anything I can do to help discharge them.
by Louis_R on February 17th, 2011
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You're reading 4 Years ago I attended a business college for 2 months, i recieved a student loan but never completed school, If I file bankruptcy, will my student loan be wiped out and will I be able to get another student loan for a real college? A four year college?
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