I have close to $200,000 in student loans. I have tried for the last 8 years to find a job that allows me to pay the $2,500 payment and have been unsuccessful. The loans have been in forebearance since getting out of school. I know that student loans are not usually dischargable in bankruptcy but there is no way I can ever pay this. The amount keeps growing as interest keeps getting added on. Is there any way that student loans can be discharged?
You are correct, student loans are not normally dischargeable in a bankruptcy. The only way a student loan can be discharged is by proving to the court that repayment of the student loan will create an undue hardship on the borrower and his/her family.
In your case, given the large amount you owe, I would suggest you find a bankruptcy attorney with experience in student loan discharge hearings in your area for further advice.