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Home Ask Student Aid FAQ Is There an Option for Private Student Loan Bankruptcy Discharge

Is There an Option for Private Student Loan Bankruptcy Discharge

Technically yes, but private student loans, like federal student loans, are very difficult to have discharged through bankruptcy proceedings. You will need to demonstrate that the repayment of the loan would "impose an undue hardship on the debtor and the debtor's dependents." (U.S. Bankruptcy Code). For more information it is best you discuss your options with your legal adviser.