Note: The DearEsq free 'ask a lawyer' site is offered as a free informational service to the public and is not intended as legal advice. Laws vary from state-to-state, and in addition every situation is unique, and relevant facts may not be known. The answer to the question posed below may not apply to in your state or to your situation. For legal advice in your state and your situation you should consult with an attorney in your state who is familiar with the rules and laws in your state.
A student loan debt was incurred pursuing a DDS degree. Four years were completed, but the student needed about 4 more months to achieve the required points to graduate. Unfortunately, the student was unable to graduate from the program. Now the student has no earning ability and is unable to pay on the 300k+ student loan. Is it possible to obtain forgiveness for all or most of the (consolidated) student loans? If so, where does one start? Should an attorney be involved?
The student may be able to file for Chapter 7 bankruptcy in order to have the loans forgiven. Typically, student loan debt is not forgiven under U.S. bankruptcy law, but based on the amount of the debt, and the student’s economic hardship, the court may discharge the debt through bankruptcy. You should consult a bankruptcy / debt relief attorney to discuss the matter in more detail.
