Student Debt and Bankruptcy in Ohio

Student Loans in Ohio US students have almost $1 trillion in outstanding student loans. The average US student owes $26,000 upon graduation. Almost 20% of those students aren't making payments. Student loans are not dischargeable in bankruptcy unless payment would be an "undue hardship." The court doesn't want recent grads to declare bankruptcy as a way of avoiding paying loans. To get discharge your student loans in bankruptcy, you have to prove that you can't maintain a minimal standard of living if you make payments. You must also show that you will be unable to pay for the foreseeable future and that you made a good faith effort to pay. Unless your situation is hopeless, you're stuck with student loans. Created by: Cope Law Offices, LLC Ohio Bankruptcy Attorneys