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redditr/YouShouldKnowcommenthomeownerScore: 0
I only know what I saw on the website. I have no idea the details and won't claim to be an expert. I have been paying out paid off my loans. At the beginning I used a forbearance so I know it can be difficult. I just wanted to point out that bankruptcy can possibly discharge it. However, bankruptcy is also terrible for your finances. Especially if you are struggling to pay. It will impact your ability to get a loan in the future. You will have higher interest rates on any credit you do receive. It's a lot better to just pay $25 a month like suggested. Hell if you wanted to go the bankruptcy route. It's probably easier to get a personal loan. Pay off as much of the student loan debt as possible with the loan. Then declare bankruptcy. The loan might pay off all the student loan. Then you won't have to jump through those hoops. Even if it only takes care of a portion and you're stuck with the rest. It's still better.
Source URL
https://www.reddit.com/r/YouShouldKnow/comments/1kffaqc/ysk_the_us_department_of_education_is_collecting/mqr8yc2/
Post Date
5/5/2025, 7:08:36 PM
Scraped At
3/15/2026, 12:26:43 AM
Thread ID
1kffaqc

Metadata

{
  "score": 0,
  "title": "",
  "subreddit": "YouShouldKnow",
  "num_comments": 0,
  "scrape_method": "apify"
}

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reddit — completed — 437 posts collected