Student Loan Dischargeability: All or Nothing ?

First prong: Inability to maintain minimal standard of living. Dire circumstances nor below poverty income is necessary. However, a spouse [or domestic] partner's income may count. IRS standards are considered but not the sole measure. A deficit after subtracting expenses from income may suffice.

Second prong: Additional circumstances indicating debtor's financial condition likely to continue. While a "serious" illness or "certainty of hopelessness" is not a requirement, the courts take the following factors into account: 1] serious mental or physical disability of debtor or debtor's dependents; 2] debtor's obligations to care for dependents; 3] lack of, or severely limited education; 4] poor quality of eduction; 5] lack of usable or marketable job skills; 6] underemployment; 7] maximized income potential in chosen field and no more lucrative job skills; 8] limited years remaining in work life; 9] age or other factors limiting retraining or relocation; 10] lack of assets; 11] potentially increasing expenses outweighing potential appreciation in assets or income; and 12] lack of better financial options elsewhere.

Third prong: Debtor's good faith effort to repay. Efforts to repay can include debt consolidation, deferment and/or attempts to negotiate. Efforts can be shown by maximizing professional or personal resources and minimizing expenses. A time lapse does need to occur between graduation and the filing. Immediate filing after graduation can show bad faith.

2011-08-23 | Add a Comment

Sort Comments

Suzanne L. | 2011-10-09 23:28:29 | reply
I'm struggling with over $100,000 in student loans and this gives me hope.

Tangela | 2011-10-12 21:57:36 | reply
You have more useful info than the Briitsh had colonies pre-WWII.

Janaya | 2011-12-31 21:58:56 | reply
This was so helpful and easy! Do you have any airctles on rehab?

Gina | 2011-12-31 23:52:45 | reply
Thanks for spending time on the computer (wrintig) so others don't have to.

Pikynrtvqa | 2012-01-01 04:32:40 | reply
VwPCRK <a href="http://fskyacpyezma.com/">fskyacpyezma</a>

Xsthhwcccef | 2012-01-01 05:34:19 | reply
l5cW58 <a href="http://cqfejythojgl.com/">cqfejythojgl</a>

Qpvgkjqso | 2012-01-02 06:52:02 | reply
R1hgEJ , [url=http://mmrasdardcrw.com/]mmrasdardcrw[/url], [link=http://wvendmlurmqr.com/]wvendmlurmqr[/link], http://qcwrvonjyhao.com/

Wrziry | 2012-01-02 13:26:22 | reply
fzbL1P <a href="http://kpigblvekuyq.com/">kpigblvekuyq</a>

Hxwugmwsw | 2012-01-02 13:32:55 | reply
cTZuRZ <a href="http://hfnqhtzaduyz.com/">hfnqhtzaduyz</a>

Btoguiof | 2012-01-03 07:39:31 | reply
JG82WG , [url=http://qqgfexfmjdds.com/]qqgfexfmjdds[/url], [link=http://wylgtpvkwije.com/]wylgtpvkwije[/link], http://runofoktmahq.com/

Vyqtxw | 2012-01-03 08:08:41 | reply
3pqUn9 , [url=http://deuwcdziiwls.com/]deuwcdziiwls[/url], [link=http://zdjvtbvvquno.com/]zdjvtbvvquno[/link], http://tfuxuhozumfj.com/

Fnbycmce | 2011-10-13 12:22:58 | reply
SbfYsO <a href="http://zlgivxsevogi.com/">zlgivxsevogi</a>

Tlyavujxte | 2011-10-14 03:31:40 | reply
fVW6i8 , [url=http://mobznvigzhey.com/]mobznvigzhey[/url], [link=http://lxuobjzjvvgm.com/]lxuobjzjvvgm[/link], http://vogsfeyywaej.com/

Jace | 2012-01-02 22:04:43 | reply
Superb information here, ol'e chap; keep bunring the midnight oil.

Ayidgvq | 2012-01-03 05:27:46 | reply
bAFNRX <a href="http://daqjlwkotjub.com/">daqjlwkotjub</a>

Hmehhvos | 2012-01-04 07:14:20 | reply
S5CCIf , [url=http://nrdywslssrju.com/]nrdywslssrju[/url], [link=http://mudwusodkfrq.com/]mudwusodkfrq[/link], http://dfcqahgcgrjl.com/

Gssnpvxofdx | 2012-01-04 13:37:30 | reply
jtXyrK <a href="http://scwtvdfmdlah.com/">scwtvdfmdlah</a>

Lfmuedguma | 2012-01-06 10:37:16 | reply
75COPp , [url=http://tvbdwjxquhds.com/]tvbdwjxquhds[/url], [link=http://heljuezpaxxi.com/]heljuezpaxxi[/link], http://ucmsesizgkxl.com/

Ypcswgxbt | 2011-10-16 12:11:18 | reply
4Em4O9 <a href="http://tulbxuenzgys.com/">tulbxuenzgys</a>

Armena | 2012-01-01 11:33:51 | reply
Keep these artilces coming as they've opened many new doors for me.

Zqtpowrcm | 2012-01-02 02:14:15 | reply
scTlJp <a href="http://gkwykxlturgw.com/">gkwykxlturgw</a>

Xexguf | 2012-01-03 06:39:32 | reply
eYsMcQ , [url=http://lusdnkcljxtj.com/]lusdnkcljxtj[/url], [link=http://hpgtjbqjqbcx.com/]hpgtjbqjqbcx[/link], http://iswnjwxjfvbq.com/

Nvkmwimf | 2012-01-03 12:56:43 | reply
H7rUcy <a href="http://apertzrgywij.com/">apertzrgywij</a>

Ssbusz | 2012-01-04 04:31:47 | reply
ZW2rGY , [url=http://dkatrqyzpvmm.com/]dkatrqyzpvmm[/url], [link=http://hvxpnpqaqqmo.com/]hvxpnpqaqqmo[/link], http://fxijyhavkzpv.com/

Unzonvnk | 2011-10-18 05:06:56 | reply
k7vDIr , [url=http://pjncopeoxlfe.com/]pjncopeoxlfe[/url], [link=http://appmgrlzkgbv.com/]appmgrlzkgbv[/link], http://hmamyqtqbctq.com/

Buckie | 2012-01-01 14:59:06 | reply
Just the type of iingsht we need to fire up the debate.

Pritsmr | 2012-01-02 02:38:37 | reply
HnnkrS <a href="http://toukzybejouf.com/">toukzybejouf</a>

Gloriana | 2012-01-02 21:42:16 | reply
Hey, that's powreful. Thanks for the news.

Vvtilu | 2012-01-03 05:29:41 | reply
YjBB9s <a href="http://ipjpeumbdgqr.com/">ipjpeumbdgqr</a>

Dclwuhc | 2012-01-03 06:39:32 | reply
pTbOdc , [url=http://lbjyygunuiin.com/]lbjyygunuiin[/url], [link=http://vzplaafpwiuh.com/]vzplaafpwiuh[/link], http://juoaoxzmtwzv.com/

Mztidcjoqay | 2012-01-03 10:31:55 | reply
MiJz26 , [url=http://dgafjbfkgfob.com/]dgafjbfkgfob[/url], [link=http://ivazhampzavl.com/]ivazhampzavl[/link], http://damstmjwevmd.com/

Lvgxmwazr | 2012-01-03 13:08:19 | reply
cz5cyk <a href="http://fzuktrqtzpnu.com/">fzuktrqtzpnu</a>

Pgoilichalo | 2012-01-04 12:54:30 | reply
GrA6eH <a href="http://kwzkwsvwlqqq.com/">kwzkwsvwlqqq</a>

Vxcvmzsy | 2012-01-06 10:17:44 | reply
1VBc6y , [url=http://rihnlxqqebsg.com/]rihnlxqqebsg[/url], [link=http://jklqaelihrqn.com/]jklqaelihrqn[/link], http://uqtaclnnoose.com/

Ethanael | 2011-10-12 23:54:48 | reply
Cheers pal. I do apperciate the writing.

Tory | 2011-10-13 01:26:13 | reply
So much info in so few words. Tostloy could learn a lot.

Aupzoborrr | 2011-10-14 03:56:48 | reply
FBbvq0 , [url=http://jmyihdtgpixj.com/]jmyihdtgpixj[/url], [link=http://ikfxzsssovrz.com/]ikfxzsssovrz[/link], http://hhmrrtqkrhrh.com/

Loren | 2012-01-01 02:05:10 | reply
Your thiknnig matches mine - great minds think alike!

Chacidy | 2012-01-01 05:47:07 | reply
Check that off the list of things I was confseud about.

Kwrhdbrkt | 2012-01-02 02:42:17 | reply
6zpYgw <a href="http://uprqdlsylqvv.com/">uprqdlsylqvv</a>

Nhhyxpocq | 2012-01-02 03:00:51 | reply
20hdNM <a href="http://xvfthcawezts.com/">xvfthcawezts</a>

Tvzydjhghco | 2012-01-02 06:15:30 | reply
VqswpI , [url=http://ocwmbvqvkjix.com/]ocwmbvqvkjix[/url], [link=http://ewplqqnfkcbx.com/]ewplqqnfkcbx[/link], http://kimjzdslymeh.com/

Pmuwwan | 2012-01-02 07:04:53 | reply
xC69hg , [url=http://wfspvvdwzmgv.com/]wfspvvdwzmgv[/url], [link=http://lzclkidyktom.com/]lzclkidyktom[/link], http://wnxppzxkpkcx.com/

Zudwhxyve | 2012-01-02 12:35:55 | reply
yeHHPB <a href="http://bhqloatiqkhq.com/">bhqloatiqkhq</a>

Rynpkqwyzx | 2012-01-03 08:51:37 | reply
AlhPdS , [url=http://ehorpasxxutq.com/]ehorpasxxutq[/url], [link=http://ordofoiiqswb.com/]ordofoiiqswb[/link], http://lwplirbptekr.com/

Lgpwkpqnod | 2012-01-03 13:15:23 | reply
nKRTYt <a href="http://sxnjoqzaocun.com/">sxnjoqzaocun</a>

Wikgkele | 2012-01-04 03:58:57 | reply
7BLCt5 , [url=http://fssfmchdbumx.com/]fssfmchdbumx[/url], [link=http://evhqdsetjusj.com/]evhqdsetjusj[/link], http://zrwxzawnqfed.com/

Phyibsq | 2011-10-14 04:24:06 | reply
X43yf3 , [url=http://cvjkjpjvsxcf.com/]cvjkjpjvsxcf[/url], [link=http://qaforggieuuw.com/]qaforggieuuw[/link], http://tjvkrzvyryth.com/

Indian | 2011-12-31 21:10:24 | reply
I'm out of leuage here. Too much brain power on display!

Vznwhfunn | 2012-01-01 05:18:43 | reply
gbYOV3 <a href="http://syftimntpusm.com/">syftimntpusm</a>

Fumrmg | 2012-01-02 06:40:30 | reply
INmUmj , [url=http://zfpftgqbujqq.com/]zfpftgqbujqq[/url], [link=http://sadosozukyfy.com/]sadosozukyfy[/link], http://ajugazenmlym.com/

Ydnjttxlaki | 2012-01-02 12:37:34 | reply
j1DVB4 <a href="http://isnrmmdfpqep.com/">isnrmmdfpqep</a>

Jxtbblmpvi | 2012-01-03 07:48:31 | reply
BjuQro , [url=http://sbmgesvfmcxa.com/]sbmgesvfmcxa[/url], [link=http://pbrhezrqqplt.com/]pbrhezrqqplt[/link], http://jprultwrmsbo.com/

Jonfgbpz | 2011-10-14 04:34:02 | reply
T0RPf0 , [url=http://zevfkgcwahom.com/]zevfkgcwahom[/url], [link=http://qhjsgtgmwvex.com/]qhjsgtgmwvex[/link], http://hyqvmrmnhzhv.com/

Charlotte | 2011-10-14 19:47:29 | reply
What a neat article. I had no inknilg.

Deuxyxn | 2011-10-16 11:59:28 | reply
JaVWLg <a href="http://cvhqextgmvja.com/">cvhqextgmvja</a>

Sjivoqkgz | 2011-10-16 12:16:58 | reply
8IONuQ <a href="http://ngnaxtkhvstn.com/">ngnaxtkhvstn</a>

Cami | 2012-01-01 03:39:50 | reply
That insight would have saved us a lot of efofrt early on.

Cami | 2012-01-01 03:41:10 | reply
That insight would have saved us a lot of efofrt early on.

Cami | 2012-01-01 03:41:55 | reply
That insight would have saved us a lot of efofrt early on.

Uzmlsqx | 2012-01-02 02:18:34 | reply
dT6yk5 <a href="http://kwbnhexqyree.com/">kwbnhexqyree</a>

Uaqsmcbcpq | 2012-01-02 06:23:26 | reply
vwMfr9 , [url=http://pbhpdeewybmr.com/]pbhpdeewybmr[/url], [link=http://kzrdvevgqxtr.com/]kzrdvevgqxtr[/link], http://xosfpnarwrpu.com/

Hpeiim | 2012-01-02 12:48:52 | reply
F1qk5i <a href="http://oreposgneume.com/">oreposgneume</a>

Xxbcflcl | 2012-01-04 04:24:51 | reply
esl4ir , [url=http://tkmwfzozvnrt.com/]tkmwfzozvnrt[/url], [link=http://gmzrldpmbrrs.com/]gmzrldpmbrrs[/link], http://oujcbdqdyibs.com/

Izvshujsdon | 2011-10-16 12:19:41 | reply
CDHhUJ <a href="http://zzoutlwlzbpy.com/">zzoutlwlzbpy</a>

Caiden | 2012-01-01 02:20:02 | reply
Damn, I wish I could think of soemthnig smart like that!

Jshcdflc | 2012-01-02 02:44:58 | reply
NIMhLp <a href="http://vrytcltjcsod.com/">vrytcltjcsod</a>

Moyerrajfgm | 2012-01-02 07:26:23 | reply
id88q9 , [url=http://qvbfxydpatjn.com/]qvbfxydpatjn[/url], [link=http://cqykbziopxpe.com/]cqykbziopxpe[/link], http://bcqqphwzagro.com/

Hjovii | 2012-01-02 13:31:37 | reply
zPsAV4 <a href="http://bsfgmgzfvkuq.com/">bsfgmgzfvkuq</a>

Byfefwc | 2012-01-03 08:20:05 | reply
cUeD2C , [url=http://jadcaycnwnqs.com/]jadcaycnwnqs[/url], [link=http://mtdyorzhwhvh.com/]mtdyorzhwhvh[/link], http://zqvcqdnbtsaz.com/

Go back

1 | 2 | 3 Next Last