If you declare bankruptcy within seven years of ceasing to be a student,you may have your student loans forgiven.

Question

Quizplus · Accepted Answer

This statement is false. Student loans cannot be discharged in bankruptcy unless the borrower can show undue hardship, which is a difficult standard to meet. Additionally, there is no time limit on when a borrower can apply for discharging their student loans under undue hardship.

If You Declare Bankruptcy Within Seven Years of Ceasing to Be