MY DAUGHTER WANTS TO DECLARE BANKRUPTCY. sHE HAS STUDENT LOANS. wILL THE BE DISCHARGED IN THE BANKRUPTCY?

No, they stay forever.

No, they will not.

When I took out some student loans a few years ago, they made it absolutely positively clear multiple times that bankruptcy DOES NOT relieve one of the obligation to pay back student loans.

The student loan company will wait a very long time to get their money back, and they have ways where you can restructure or temporarily not pay your loans (although interest still accrues, so the amount you owe continues to rise). But they WILL get their money back.

I believe this exception was implemented after a substantial number of students decided "Well, my credit will be messed up for 7 years, but it's better than having to pay them back.".

Do you mean, like, a government student loan? One to which every hard-working taxpayer contributes towards, so that young people may be helped reach an education and future, rewarding career? That kind of loan?

One that calls upon young people who benefit to act responsibly and pay it back so that others, too, may reap such benefits? That kind of loan?

I hope you sit down and discuss it with your daughter and re-review how responsible real life should work, rather than, perhaps, helping her to find the easy way out of it.

Other very responsible young people need that help...and are waiting patiently for your daughter to do her part with her repayment.

No. Your daughter will be making a big mistake declaring bankruptcy so young. She starts off her carreer on a very down note. Besides, collection agencies will hound her until debts are paid.

You need to specify the type of loan:
Fderal loans will not be forgiven, and if you read the promissary note, it says it.

Private loans will probably be cancelld, but that depends on her income tax return and the judge.

no. that is one debt that she will still have to pay.