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College and University Discussion
Reply to "Have plenty in 529, but still taking out loans "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I was up late watching TV and eating cookies and saw a commercial for credit card forgiveness so i am going shopping today in hopes some........[/quote] We already have that for credit cards. It’s commonly known as bankruptcy.[/quote] Yeah, my extended family has figured out how to do this. Chapter 13 bankruptcy. Run up the bills, claim bankrupty, wait 7 years and do it all over again. [/quote] Sure they did. My point was that you cannot discharge any federal student loans in bankruptcy. You only can with private loans if you’re basically incapacitated.[/quote] I was responding to the post about credit card forgivness. It's called bankruptcy. [/quote]
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