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Reply to "I owe $125,000 in private student loans to one institution. How to get them to settle?"
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[quote=Anonymous][quote=Anonymous]You can't escape federal student loans through bankruptcy. My cousin is in the same situation. She owes $200K for student loans for a fancy SLAC. Bankruptcy will not discharge them. She's waiting tables at an I-HOP. This is why parents really need to rethink the craziness of signing their kids up for $60K+ a year colleges. [/quote] OP has private loans though. Maybe bankruptcy is an option. Unfortunately, federal student loans would have been much better for her - lower interest rates and some really good repayment options (income-based repayment or IBR in case anyone is wondering). [/quote]
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