Why can't I get rid of my student loan debt in bankruptcy?

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We read about the student loan problem frequently, and if you're a person who has large student loans and is having difficulty paying them back, you're experiencing the "student loan problem" very personally. huffingtonpost.com recently said "Student loans have become the sudden modern toxic loan ... we should expect to see this rate of student loan saturation increase, burying more in debt and a working life of feeding the student loan payments."

What's going on here? What is causing this problem and why aren't student loans dischargeable (able to be removed) in bankruptcy like other loans?

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Published In: Bankruptcy Updates, Consumer Protection Updates, Education Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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