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Posts Tagged ‘Student Loan Debt’

Using Bankruptcy to Escape Student Loans

August 11th, 2017


It is very difficult to have bankruptcy erase your student loan debt.  In order to satisfy the undue hardship portion of the test in order to discharge student loan debt, you will need to show that you are unable to meet your minimally necessary living expenses in order for you to survive.  Bankruptcy courts have ruled that a mere unpleasantness associated with repaying the student loan debt is not sufficient.

If you are thinking of filing for bankruptcy, contact our law office at 816-524-4949 or visit our website at

Types of Student Loans

October 21st, 2015

student debt

There are generally five (5) types of student loans available to students and parents in order to help pay for college:

  1. Subsidized Stafford Loans – A government loan, usually has the lowest interest rate, but borrowers must meet strict income guidelines. Not available to graduate or professional students.
  2. Unsubsidized Stafford Loans – A government loan available to all students, regardless of income.
  3. PLUS Loans – A government loan available to parents with children who are students. Parents must have a good credit history to receive this type of loan.
  4. Consolidation Loans – A government loan available for borrowers with existing student loans who wish to combine multiple loans, extend payment terms, or both.
  5. Private Loans – Available to any student who meets the requirements of the private company loaning the funds.

If you are needing assistance with student loan debt, contact our law office at or 816-524-4949.