2007-02-05 01:46:25 · 4 answers · asked by hdavehd 1 in Education & Reference ➔ Financial Aid
Unfortunately, student loans are not dischargeable in a bankruptcy. Have you tried consolidated your student loans? It can both lower the interest rate (along with making it a fixed interest rate instead of being adjustable) and payments. The payment amount is dependent upon your choices. Besides, instead of making several payments, it would only be one payment per month which would save money.
2007-02-05 05:34:08 · answer #1 · answered by dawncs 7 · 1⤊ 0⤋
Bankruptcy doesn't get rid of them. I know--we declared about 1 1/2 years ago, but my husband still owes on his. They're considered a priority loan, like federal taxes. You can call Sallie Mae and get a forbearance on them, though--they will allow you 6 months to get money together to start making payments again.
2007-02-05 01:59:50 · answer #2 · answered by cross-stitch kelly 7 · 4⤊ 0⤋
Can't go bankrupt with a student loan.
They'll chase you to death.
Find a job, pay, enjoy.
Good luck !
2007-02-07 06:31:11 · answer #3 · answered by carlos 5 · 0⤊ 0⤋
http://loanconsolidation1.blogspot.com has good ideas and help for student loan consolidation and refinancing student loans
http://loanconsolidation1.blogspot.com
2007-02-05 06:46:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋