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I don't have numbers but I've read enough stories about it that I think it's far more likely than winning the lottery. The bigger problem is that people _think
by brightlancer 3y ago
I don't have numbers but I've read enough stories about it that I think it's far more likely than winning the lottery.
The bigger problem is that people _think_ it won't work and they don't bother trying. How many folks could have met the hardship burden but didn't apply?
We need to stop repeating the falsehood and instead be truthful: Student loans CAN be discharged via bankruptcy, if the applicant meets a hardship threshold.
- taeric 3y agoTo be fair, I was unfair to compare it to the lottery. That is clearly not paying out often. Such that, if you are comparing to that, you had best be favorable. I'm assuming it pays out at 100x lottery numbers. But, again, that is still basically zero. Is why I don't regularly buy 100 lottery tickets.