What happens when you cannot pay your student loans?

Student loan debt exceeds credit card debt in America and affects hundreds of thousands of people each day.  More and more individuals are finding themselves in financial situations where they are unable to pay the minimum payments on their student loans much less pay them in full.  When this happens, many turn to bankruptcy; however, it is very difficult to obtain a total discharge of your student loans through bankruptcy.  There are other options available to you if you cannot pay your student loans such as cancellations, deferments and forbearances.

To find out more about what you can do when you cannot payment your student loans read, “Your Options When You Can’t Repay Student Loans.”