Education and Student Loan Student loan is an inevitable part of education, more so with rising prices and insufficient government grants.
Education being as essential requirement for a better earning, it becomes important to go for it even if it turns out to be really expensive.
Though free money options like government grants and scholarship facilities are offered to students, liabilities in the form of federal and private loans are incurred to fill the gap in funding education.
With growing liabilities and insufficient earning or no employment opportunities, liabilities increase in their magnitude.
Schooling and Bankruptcy Where the students do not have sufficient funds to manage their finances and have exhausted every possible option of handling them, they finally end up filing bankruptcy.
Unfortunately, student's loan cannot be discharged by filing bankruptcy.
If you think you can get rid of all liabilities by filing one, sorry you are sadly mistaken.
Only a perfect plan and effort to pay back your loan along with an altered payment plan with the lender can help you reduce your liability.
Nothing stops you from attending your school while in bankruptcy.
You should be able to prove three things to discharge your school loan.

• You made an good faith effort to pay
• You cannot adhere to payment schedule
• Your devastated financial circumstance is permanent

It is certainly close to impossibility to substantiate the above and which in turn means your students loans cannot be discharged and should be paid back.
This kind of a regulation was imposed by the government to precisely stop students who incur loans and later file the fact that they are bankrupt in spite of a successful career and earning.
No authority can stop you from your right to education and also the consequential liability.