Bankruptcy and Student Loans – Ways to Get Rid of Student Loans

Before taking out a student loan, it is important to know that no matter what, you do have to pay it back. There are some exceptions under chapter 7 bankruptcy and student loan can be discharged then but it is extremely rare. Under chapter 13 bankruptcy, student loans can be repaid by working out a repayment plan. But the best way, is to talk with your lender and come up with a solution beneficial to both the parties.