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Are there any Student Loans that ARE dischargable?

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    Are there any Student Loans that ARE dischargable?

    I have tons of student loans...
    They appear to fall into 2 categories.
    Federal Consolidation Loans
    and
    Alternative Consolodation Loans

    I know the Federal Loans are not dischargeable.

    I am pretty sure that the alternative loans are just a loan from a private bank, are these dischargable? How can I find out if these loans are federally guaranteed and therefore would not be eligible for discharge?

    I am familiar with the Hardship exclusions for student loans and I am pretty sure I would not fall into that category.
    Thanks in advance for the help.

    #2
    The issue isn't one of public or private loans but what programs the loans were for. If they were student loans they were not discharged. If it was a loan that was not a student loan that you used to pay to go to school (like a signature loan) that would be discharged.

    In other words you don't look to who provided the funds or what the funds were spent on but the purpose of the loan (from the lender's point of view).

    So long story short, they are not dischargable.
    So the poor debtor, seeing naught around him
    Yet feels the narrow limits that impound him
    Grieves at his debt and studies to evade it
    And finds at last he might as well have paid it.

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