One of the most poignant features of student debt is that, short of paying it off, it's pretty much impossible to get rid of. In 2005, the bankruptcy code was updated to make private loans "non-dischargable" in a personal bankruptcy, meaning that, unlike other private debts, student loans can't be forgiven or written off.*
Read the whole story at Daily Finance
Source : http://www.huffingtonpost.com/2014/11/06/current-student-loan-bankruptcy-rules_n_5960328.html?utm_hp_ref=business&ir=Business
