Did you know it’s possible to discharge your student loans through bankruptcy? If you’re overwhelmed by student loan debt, this could be the solution you’ve been searching for.
At Walker & Walker, we’ve been helping Minnesotans erase student loans through bankruptcy all year, and we’re here to guide you too. As experienced Minnesota bankruptcy attorneys, we’ll break down how the process works, who qualifies, and what steps to take.
Who Qualifies to Discharge Student Loans in Bankruptcy?
You may qualify to discharge your student loans if you meet these criteria:
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You Graduated or Withdrew From School 10+ Years Ago
- Alternatively, if you’re over 65 or have a qualifying disability, you may also qualify.
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You’ve Made at Least One Payment or Tried an Income-Driven Repayment Plan (IDR)
- IDR plans adjust your monthly payments based on your income. Most borrowers have participated in these plans at least once by submitting their tax returns to their loan servicer.
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Your Budget Shows You Can’t Afford Significant Payments
- We’ll handle the calculations to show the court exactly why large payments aren’t feasible for you. Our team ensures your financial reality is clearly presented.
Which Loans Don’t Qualify for Discharge?
Unfortunately, some loans are not eligible for discharge in bankruptcy:
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Private Student Loans
- If your loan has a cosigner or is issued by private lenders like Discover or Sallie Mae, it’s typically harder to discharge.
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Certain FFEL Loans
- Federal Family Education Loans (FFEL) serviced by companies like Ascendium can be challenging. However, our team will review your loans carefully to identify any potential issues before filing.
How We Make the Process Easy and Affordable
At Walker & Walker, we understand that finances are tight, and we’ve designed our services to work for you:
- No Upfront Costs: Start your case with zero money down.
- Affordable Payment Plans: Pay just $85 every two weeks while we handle your case.
- No Risk: We only charge fees for student loan discharges if we’re successful.
We’ve already helped dozens of Minnesotans free themselves from student loan debt, and we’re ready to help you, too.
Why Act Now?
With laws and policies constantly changing, there’s no guarantee that these options will remain available. If you meet the qualifications, there’s no better time to start your case than today.
Contact Walker & Walker Today
Want to know if you qualify? Call us at 612-824-4357 for a free consultation. We’ll review your case, answer your questions, and guide you through every step of the process.
At Walker & Walker, we’re committed to helping Minnesotans break free from debt and rebuild their financial futures. Don’t wait—take the first step toward financial freedom today.
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