Can I discharge my student loans if I declare bankruptcy?
Updated October 6, 2022
Rarely. You must prove to the bankruptcy court that repaying your student loan would cause undue hardship. If you file Chapter 7 or Chapter 13 bankruptcy, you may have your loan discharged in bankruptcy, only if you prove to a bankruptcy court that repayment would impose undue hardship on you or your dependents. Your creditors may be present to challenge the request.
Visit the Federal Student Aid website to learn more.