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Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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Good afternoon, Hello, I have a student loan related question.

Customer Question

Good afternoon,

Hello, I have a student loan related question. I have $185,000 (with capitalized interested) in student loans but only $75,000 went actually towards education. $125,000 is in private loans and $60,000 is government loans. Can some of the private loans be eliminated through bankruptcy or other means? Any additional information you may be able to provide to help me would be greatly appreciated. PLEASE HELP!

-Struggling student loan holder-
Submitted: 8 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 8 years ago.

Some student loans may be discharged in a bankruptcy if they are not considered to be "qualified" student loans.

Only loans that satisy the requirements under 26 USC 221(d)(1) are considered a qualified education loan.

Here is an informaative article on the subject.

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