Your chances of getting rid of student loan obligations count on who you are

Your chances of getting rid of student loan obligations count on who you are

To finish education loan financial obligation using case of bankruptcy, you need to persuade the newest judge one to trying to repay their student financing perform lead to a keen “unnecessary hardship.” But in the fellow-assessed examination of almost 700 student loan discharge circumstances spanning 1985 in order to 2020, i discovered that judges’ behavior so you’re able to dismiss figuratively speaking are usually dependent on personal activities, just like your gender.

To decide if or not paying the brand new education loan financial obligation causes the brand new borrower to try out an excessive difficulty, most process of law apply about three conditions outlined within the a situation called “Brunner.”

(more…)

Continue ReadingYour chances of getting rid of student loan obligations count on who you are