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How do you bankrupt your student loans?

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2014-06-25 17:43:41
2014-06-25 17:43:41

Student loans do not qualify for bankruptcy except in certain dire situations.

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Gov't insured loans can not be discharged in BK.

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In the US, yes. Federally guaranteed student loans are not given out based on credit or employment.

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No, that is the only loan that will not be removed when you become bankrupt or if you pass away.

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Actually, that's not true - student loans are forgiven when the student dies.

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Are student loans forgiven at age 60? Are student loans forgiven at age 60?

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There are only a few companies that provide direct student loans. You can go to a bank and get student loans from there, or you can get Federal Loans from your school.

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Student loans might be obtained from the government of each student. However, it also depends on which country a student studies. For example, a student studying in the UK can obtain student loans from the website of slc, which provided loans to most of students in the UK.

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In theory yes- student loans can be discharged. In practice- it is extremely rare. The only examples i have seen where a student loan is discharged is when the borrower is paralyzed, have a severe neurological disorder, or has been diagnosed with an end stage illness and are therefore unable to work. A discharge of student loans is so rare that most attorneys flat out tell potential clients that student loans are not dischargeable. I'm not sure what you mean by "unsubsidized" - I know what it means - I'm not sure you do! A government backed (that doesn't mean subsidized) student loan cannot be discharged in bankruptcy. If it isn't government backed, it is simply a personal loan you used to pay for education and may be discharged like any other. Additionally, you do not bankrupt "a loan"...you go bankrupt - it includes all things you own and owe. Nothing is excluded. Some things may not be discharged.

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can you file student loans on bankruptcy no. But yes you do have to list them in your bankruptcy. And No they will not discharge the debt on them, if they are federal student loans.

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Sometimes private student loans can be consolidated depending on certain factors including the rules of your lender, whether you are in deferrment or default and your credit score. You cannot however, consolidate federal student loans and private student loans together.

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The Student Loan People is an agency that specializes in student loans. They are located in Kentucky. They work with people getting student loans, collections and repayments of student loans.

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There are many types of loans students can apply for, but the simplest categories are the two: federal student loans and private loans. All loans funded by federal government are administered through the US Department of Education's Federal Student Aid programs. Other types of student loans include: # Federal student loans # Federal Stafford loans # Federal Perkins loans # Federal Parent PLUS loans # Federal Graduate PLUS loans # Sallie Mae Smart Option Student Loan # Continuing Education Loan # Career Training Loan # International student loans

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No, private lending institutions (such as banks) also give out student loans.

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https://www.studentloan.com/ contains information on student loans application, and how to pay for college. http://www.privatestudentloans.com/ has to do with private student loans

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Government insured student loans are exempt from the Bk process. They must be paid. This is not true. Student Loans can be bankrupt. You must prove that you are unable to pay the loan ( living below or at the poverty guidelines). You must prove undue hardship ( Congress hasn't given a true definition of this, so courts are making their own decisions based on your presentation). You must prove good faith efforts ( this means you have been attempting to make payments, but to make the payments is causing you to live below the poverty guidelines). You can also try to negotiate your loans with the Department of Education. For example, you pay 10 cents on the dollar ( $50,000 loans deminished to $ 5,000) over a 5 year period. There are other ways to get loans reduced.

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I didn't get your question. Are you trying to ask if you can able to file bankruptcy again even though you had filed previously one? As far as i know, Student loans won't discharge in bankruptcy. It's better consult this from the bankruptcy advisers.

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No..there are also private student loans.

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Talk with whoever you got your student loans through. They will be able to tell you if you can consolidate your loans or not.

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Go to banks and they can show how to get direct student loans. Also consider searching the web for direct student loans, and ask trusted friends, colleagues, and family members about this direct student loans. good luck.

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You can find out information about alternative student loans and the competitive rates of student loans by sitting down with your banker and seeing what options they suggest.

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Personal loans should have a lower interest rate than student loans.

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Yes, Wells Fargo offers student loans. You can compare rates of their student loans as well as other similar business student loan rates on their website.

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If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.

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Yes, student loans can not be discharged in bankruptcy. You can consolidate your loans and get a smaller payment.


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