Loan Application Tips

  • How Old Student Loans Factor Into Bankruptcy

    6 March 2015

    Student loans are often one of the largest expenses in a young person's life, so if the possibility of filing for bankruptcy is on the table, it is important to know how these loans will affect your financial future after filing. There are two major ways you can have some or all of your student loans forgiven if you declare bankruptcy: the Seven Year Rule and proving that continuing to repay your student loans will cause undue hardship on you and your dependents.