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A comment on What a Student Loan 'Bubble' Bursting Might Look Like. Parent comment

Re:What a Student Loan 'Bubble' Bursting Might Look Like by AnimalMuppet on Wednesday January 02, 2019 @05:23PM (#18810895)
Could you explain a bit about the rules for discharges?
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Re:What a Student Loan 'Bubble' Bursting Might Look Like by gbear605 on Wednesday January 02, 2019 @05:27PM (#18810924)
I'm not an expert (or OP), but this is probably the information you're looking for: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancell...

My (possibly inaccurate) summary is that they can be discharged if it would be impossible to live with a minimal standard of living while still paying off the loan.

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Re:What a Student Loan 'Bubble' Bursting Might Look Like by godelski on Wednesday January 02, 2019 @11:50PM (#18812904)
Note that this says you can only get out if you file bankruptcy and can show that any form of repayment will cause undue hardship.

More realistically you're going to get one of the other two options.

> Your loan may be partially discharged, and you will still be required to repay some portion of your loan.

> You may be required to repay your loan, but with different terms, such as a lower interest rate.

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