(19) Unless an educational debt falls within one of these classifications, it is dischargeable
through the normal bankruptcy process.
Further, it does not follow that by enacting [section]523(a)(16), Congress conceded that the debt was dischargeable
. By enacting a limited exception to the other discharge statutes, Congress was not necessarily implying anything about [section]1328(a) or the applicability of Rosteck and Rosenfeld.
Although neither federal nor private student loan debt (Popescu, 2015) is dischargeable
in bankruptcy, their long-term consequences on debtors may be distinct.
Usually, student loan debt is not dischargeable
(8) Thus, student loan debt is not automatically dischargeable
when debtors file for bankruptcy and receive a discharge of their other debts in a bankruptcy proceeding.
And since college debt isn't dischargeable
under bankruptcy except under circumstances of extreme poverty, the feds can eventually get their money from all but the poorest borrowers.
I think particularly now there's an economic time bomb about to go off with law students about to graduate with $180,000 to $200,000 in debt that's not dischargeable
Democrats would also allow student loans to be dischargeable
With college tuition soaring, the only way their children could get the education that would provide a modicum of hope was to borrow; but, with education loans virtually never dischargeable
, student debt seemed even worse than other forms of debt.
Detoyato said the allegation against Pogado was a "dischargeable
offense," which could mean his dismissal from the military.
Unlike other types of financial obligations, student debt is not dischargeable
, and repayment failure or delay may result in garnishing of wages, interception of tax refunds, and long-term credit score repercussions.
And despite at least two decades' worth of mandatory counseling concerning college loans -- at the point when students sign promissory notes explicitly spelling out that their loans are due within months of graduation and are not dischargeable
in bankruptcy -- there's still shock and outrage that the debt is necessary and so hard to pay off.