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Tag Archives: student loans

Why Can’t You Erase College Tuition Debts in a Bankruptcy?

In America, most private debts outside of home mortgages fall into three primary categories: auto loans, credit cards and student loan obligations. This last category, tuition debt, topped out at $1 trillion in 2012, surpassing the other two categories as it grows as a percentage of total debt in the United States. According to the… Read More »

Undue Hardship and Student Loans

Prior to the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005, private student loans were dischargeable. However the BAPCPA changed that. It is a general fact that under the Bankruptcy Code, student loans are not dischargeable. However, under certain circumstances debtors strapped with student loans can discharge them through bankruptcy. The exception falls… Read More »