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So are student loans able to be discharged? In short, probably not. Student loan debts are nondischargeable in Chapter 7 Bankruptcy cases unless paying the debt would cause the debtor "undue hardship." This basic rule also applies to Chapter 13 Bankruptcy cases.Discharge of student loans received popularity in the 1970's. Many
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Approximately billion is allocated every year by the Federal
Government to be disbursed among needy students as grants and
loans, to pursue post secondary or higher education. Though it
is not the only source of Government education funding, the
Department of Education's Federal Student Aid (FSA) is the
largest student's loan-funding source in America.
The starting
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If you are a parent sending your child off to college or if you are a student going to college for the first time, you are probably cringe whenever you receive a tuition bill in the mail--or when you thinking about buying 00 worth of textbooks for next semester.
As the price of
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