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  1. #11
    Join Date
    Sep 2005
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    Behind a Desk
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    98,846

    Default Re: Do I Qualify for Bankruptcy on My Sallie Mae Private Student Loan

    Quote Quoting DavidCB
    View Post
    Thanks for the laugh.. I forgot to mention I have a co-signer, so taking to the hills isn't an option. Thanks anyway.
    That debt is going to haunt your cosigner as well - and any amount you don't pay would fall on your cosigner. Ouch. I suspect that given the amounts involved it will be impossible for your cosigner to qualify for release, but that's something to explore.
    Quote Quoting DavidCB
    Does any know if H.R. 4170 is a bill that is taken seriously by Congress? And if so, how long does it take to implement a bill if indeed it does pass?
    It's dead, although it's sponsor hopes to reintroduce the legislation in the current session of Congress.

  2. #12
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: Do I Qualify for Bankruptcy on My Sallie Mae Private Student Loan

    I expect OP won't be able to discharge either. OP has not been paying on them very long.

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