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Discharging Student Loans
Higher education is expensive. From the cost of tuition to the cost of books and living expenses, a student can find him or herself with a bill of at least $20,000—and that’s just for an undergraduate college and does not include the cost of going to law school, medical school, a teaching credential, or some other degree.
In today’s economic climate, many students are having a difficult time finding a job and surviving, let alone paying back their student loans. If you have found yourself unable to pay your student loans, debt consolidation and debt counseling may be the best options for you. However in more extreme cases, certain individuals will be eligible for the discharging of their student loans, or in other words, the cancellation of their loans.
Our Anaheim Bankruptcy Lawyer Can Determine Your Eligibility
You are eligible for the discharging of your student loans if you meet any of the following conditions:
- The school you attended improperly certified your ability to benefit from the training given.
- The school you attended closed while you were in attendance or within 90 days after you withdrew from the school.
- A National Defense Student Loan can be canceled in 2 additional circumstances: (1) full-time teaching and (2) military service.
- You are filing or have filed for bankruptcy.
- You are a parent with a PLUS loan, and your child died on or after July 23, 1992.
- You are totally and permanently disabled (as certified by a doctor.)
The Anaheim bankruptcy attorney can review any client’s finances to create a solid plan of action that will help them get their debts in order.
If you have questions about potentially discharging your student loans, contact our office today for a free initial consultation with the Anaheim bankruptcy attorney.
