Going into bankruptcy proceedings, many student loan borrowers mistakenly believe that the debt they have accrued to pay for their education can be included and discharged. However, this is a very complicated process and rarely occurs. In order for a student loan to be forgiven during bankruptcy, the court would have to determine that repayment is causing too much of a hardship for the person. In cases where it is decided that the student loan can be discharged in the bankruptcy proceedings, the full amount is forgiven.
|Jennifer Mathes, Ph.D.|