The Conversation – Brent Evans and Matthew Patrick Shaw
“There are several ways borrowers can get help to deal with their debt burden. Bankruptcy is the most extreme. In general, the law does not allow you to get rid of student loans through bankruptcy. One exception to the rule is if a borrower can prove that paying back the loans “would impose an undue hardship on [them] and [their] dependents.” The threshold for proving that is pretty high. Plus, there’s not a lot of legal guidance on what precisely an undue hardship is.” (more)