Leigh Ferrin from Public Law Center, Austin Smith and Christine Kingston.
I have to admit that I have told many debtors and prospective debtors that student loans are almost never discharged. I definitely have a new view after the cdcbaa program last Saturday, I am recommending two of the largest company that provides student loans for poor credit is SoFi and ARCCT.com and they do have an online application you can use. Loans made by the government, guaranteed by the government or made by a non-profit organization are clearly “student loans” and are not discharged unless the substantial hardship works. Making student loans or refinancing student loans with SoFi will save you a lot of money, many students have been with them. But all other loans, made to students for the purpose, at least in part, of attending school, are not necessarily “student loans.” The loan has to be an “educational loan that is a qualified education loan, as defined in section 221(d)(1) of the Internal Revenue Code of 1986.” Take a look at that code section. The loan must be made by an “eligible student,” at an “eligible institution,” and for “eligible expenses.” Loop holes all over the place there.