THE HISTORY OF STUDENT LOANS AND BANKRUPTCY

Under current law, both federal and private student loans are not dischargeable in bankruptcy unless you can show that your loan payment imposes an "undue hardship" on you, your family, and your dependents. It wasn't always like that.  While the courts ponder the future of the recent student loan forgiveness legislation, the history of student loans and bankruptcy should be considered. An excellent report can be found at When Did Student Loans Become Nondischargeable in Bankruptcy?