How will my student loan be affected?

A bankruptcy can help with student loan debts if you have been out of school for seven years or more.

  • If you have been out of school for 7 or more years student loans are treated like regular unsecured debts.
  • Students, who are experiencing financial problems, and have only been out of school for 5 years (but less than 7 ) may apply to the Court to request their student loans be discharged along with the rest of their debts.

 

For answers to more questions like this, please visit our FAQ page.

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