Anyone ever considered declaring bankruptcy to get rid of student loans? I see that even if they are private, you still have to show undue hardship.

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Wont happen unless you’re literally on deaths doorstep, lose half your brain (literally. Physically), or suddenly quadriplegic

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At least there’s hope 🤞

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I’m not sure that would be worth it. Idk exactly how bankruptcy shows up on your credit but I think it takes years to recover credit wise. Maybe someone else can chime in on that.

Sadly, I don't think that is a thing, unless you are so disabled that you are bedridden and unable to work in any position. Forever.

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Unless there was a new law put in place recently due to the pandemic, student loans are not usually forgiven through bankruptcy. Plus your credit score would be ruined.

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Additional Posts in Student Loans

SOFI or who else?

Damn LIBOR rate up again...

What career can help me pay off 110k loans with 6% APR as quickly as possible? I realized I don't want to work in medicine but only after taking out a loan of course. I just don't want this to be hanging over me for the rest of my life

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Does anyone else have students loans from a degree you don't even use? If I could go back and slap college age me in the face I honestly would.

likeuplifting

If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

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I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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How do 10 million dollars look in your account?

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Anybody thinks that the student loan forgiveness will pull through at court?

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Can grad students get $20k forgiven if they got Pell in undergrad but outstaning loans are only for grad school?

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Do you need to do anything to receive the 10k forgiveness, or is it automatically applied based on your income and circumstances?

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Has anyone successfully refinanced a non-US student loan (e.g. from Prodigy Finance) in the US? Which company did you use?

Today, I officially have enough money to pay off the entire balance of my student loans. Won’t pull the trigger until SCOTUS issues a decision, but having the ability to do so is such a weight off my shoulders that I had to tell someone.

likeuplifting

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