I got private student loans, and eventually stopped paying and they were discharged. The discharge counted as income on my taxes, but still way cheaper than paying criminal interest for 30 years.
Mine were super easy. I simply didn’t pay them for a few years and they wrote them off. It hit my credit like a freight train and since the discharged debt counted as income April was pretty rough that year.
Pretty soon the defaults will fall off my credit report and I’ll be 100% recovered, though likely blacklisted by the bank.
And the funny thing is if they’d just let me defer payments and freeze interest for a few years like I’d requested, I’d actually have the income now to make payments. I didn’t want to not pay my loans, but food and rent came first.
Government student loans can’t be discharged.
I got private student loans, and eventually stopped paying and they were discharged. The discharge counted as income on my taxes, but still way cheaper than paying criminal interest for 30 years.
It may be technically possible to get private student loans discharged, but from what I understand, they’ve made it incredibly difficult.
Mine were super easy. I simply didn’t pay them for a few years and they wrote them off. It hit my credit like a freight train and since the discharged debt counted as income April was pretty rough that year.
Pretty soon the defaults will fall off my credit report and I’ll be 100% recovered, though likely blacklisted by the bank.
And the funny thing is if they’d just let me defer payments and freeze interest for a few years like I’d requested, I’d actually have the income now to make payments. I didn’t want to not pay my loans, but food and rent came first.