Bankruptcy won't fix student loan woes
A Jackson Clarion Ledger article discusses debt myths and facts, including the following (that most of us know, but it bears repeating):
"Money Myth: Student loans are dischargeable through bankruptcy.
Financial Fact: Student loan debt (either private or government-backed) for the most part is not dischargeable in bankruptcy. There is a provision that allows student loan debt to be wiped out, but only in hardship cases. A hardship discharge is a near impossible standard to meet. You have to prove you can't maintain a minimum standard of living for yourself or any dependent if forced to pay the debt, and that you can't pay the debt at the time of your bankruptcy filing or in the future."