What type of bankruptcy qualifies for student loan cancellation? Also, where do I apply to teach to a low income school to have student loan debt cancelled?
If you have a federal loan, I don’t think you can get … If you have a federal loan, I don’t think you can get rid of it. A friend of mine and her husband filed for bankruptcy and he had a student loan that they said couldn’t be taken off, he has to pay it back. Answer: You can’t cancel a student loan debt on any of the … You can’t cancel a student loan debt on any of the bankruptcy chapters. You must pay!!! If you can’t pay right away. You can file for a in-school deferment or an economic hardship. If your student loan goes into default. It will ruin your credit and you will be unable to buy a house in the future. Answer: It’s very difficult to do. Read more here … It’s very difficult to do. Read more here http://www.ed.gov/offices/OSFAP/DCS/loan.cancellation.discharge.html#Bankruptcy Effective October 8, 1998, your obligation to repay Title IV, HEA student loan and grant liabilities can no longer be canceled (discharged) due to bankruptcy, unless you can successfully prove that
