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Some loans, like student loans, may not be included in your bankruptcy. The only way to get rid of them is to pay up. The longer you wait, the larger the debt becomes due to the accrual of interest.

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16y ago

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Do you still have to pay back student loans if the school is no longer in business?

Possibly - it depends on the terms of your student loans. If you took out a private student loan through a bank, you will probably need to pay back the loan. If you took federal student loans, depending on when and why the school closed, you may not need to pay the loans back. You should check with the institution that you have been sending your student loan payments to.


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