Student Loan Forgiveness

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Why do people try to get student loan forgiveness?

There could be several reasons why a borrower decides to get his college loan discharged or forgiven, and most of the time it has something to do with his financial situation.

When trying to get your debts discharged, the process mostly involves filing for bankruptcy, hiring a lawyer and everything depends on court decision. Are educational loans likely to be forgiven in typical bankruptcy settlements?

The answer is no because when trying to get student loan forgiveness there are special circumstances that are necessary. These circumstances must prove that loan repayment is not possible. A competent bankruptcy lawyer can have your debt partially or fully discharged in a bankruptcy hearing

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