We’ve written before about the impossible nature of discharging student loan debt in bankruptcy. The Project on Student Debt estimates the average debt for 2009 bachelor’s degree recipients at $24,000. Students with advanced degrees generally carry even more.
Here’s an article that lists a couple of creative repayment options for lawyers, teachers, primary care medical workers and even veternarians.
In case you haven’t heard the news, Congress is considering a bill that would allow private student loans to be discharged in bankruptcy. We cannot speculate on whether or when this legislation would pass.