Student loan costs threaten the U.S. economy with many experts predicting that the more than $1 trillion in student loan debt currently outstanding will sap money from people for years to come that could be spent on other purchases. If student loans become a drag on the U.S. economy, they can threaten the global economy […]
Students with tens of thousands of debt upon graduation and no job (or a poorly paying job) often ask, “Can I discharge my student loans in bankruptcy?” or “Will bankruptcy remove your student loans?” Concrete answers are elusive, but the general answer is “no.” Under certain circumstances, however, student loans can be discharged in bankruptcy if the debtor suffers from an “undue hardship.”
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