One aspect of the student loan debt is that, along with unpaid taxes and child support, it cannot be eliminated by declaring bankruptcy. This is not mentioned when the loans are taken out. At one level, this has created a class of "indentured servants." Twenty two years ago I went back to college at the age of sixty to get a teaching …
One aspect of the student loan debt is that, along with unpaid taxes and child support, it cannot be eliminated by declaring bankruptcy. This is not mentioned when the loans are taken out. At one level, this has created a class of "indentured servants." Twenty two years ago I went back to college at the age of sixty to get a teaching credential. I took out student loans totaling over fifteen thousand dollars. I taught high school Spanish three years then worked as a substitute teacher the next seventeen years. In 2018, I successfully filed for bankruptcy without the help of a lawyer. The only debt I was not able to eliminate was the remaining eight thousand dollars in student loans. I told the agency that manages the loans that I will not pay the loans off and they can turn them over to a collection agency, or take what ever action they deem appropriate. They just keep sending collection letters.
One aspect of the student loan debt is that, along with unpaid taxes and child support, it cannot be eliminated by declaring bankruptcy. This is not mentioned when the loans are taken out. At one level, this has created a class of "indentured servants." Twenty two years ago I went back to college at the age of sixty to get a teaching credential. I took out student loans totaling over fifteen thousand dollars. I taught high school Spanish three years then worked as a substitute teacher the next seventeen years. In 2018, I successfully filed for bankruptcy without the help of a lawyer. The only debt I was not able to eliminate was the remaining eight thousand dollars in student loans. I told the agency that manages the loans that I will not pay the loans off and they can turn them over to a collection agency, or take what ever action they deem appropriate. They just keep sending collection letters.