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I am trying to determine if my career training loan is dischargable in chapter 7 bankruptcy. I am not sure if it is considered a student loan or not? I reside in Nevada.
State/Country of Question: Nevada Already Tried: Yahoo answers, bankruptcy forums,
Good morning,Who funded the loan in the first place?Doug
Good morning,In Nevada, a Career Training Loan is one of three types of alternative loan programs and it is funded through Sallie Mae, which is a federal program. This falls into the same category of student loan which is traditionally not dischargable in bankruptcy, I'm afraid. I wish you the best in your future.
Thank you very much for having allowed me to assist you. It would be greatly appreciated if you would click the green Accept icon so that I can receive credit for having assisted you.
Best regards,
Doug
Attorney
I am a practicing attorney with more than 27 years of experience in the legal field.