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Reply to "Private Student Loans can be discharged . Who knew?"
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[quote=Anonymous][quote=Anonymous]While the article is technically correct, it seems to be of very limited applicability. In order for section 523(a)(8) discharge provision NOT to apply, one would have had to somehow manage to get loans to attend non-eligible educational institution. Since most educational institutions, even 2-year trade schools and on-line schools, are in fact "eligible" for Title IV funds, this exception would be exceedingly rare. For a poster above, the University of Phoenix is in fact very much an eligible institution. [/quote] +1. Debtors should not get excited.[/quote]
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