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Are My Student Loans on the IBR Plan Dischargeable in Bankruptcy? – Nick

“Dear Lewis,

I’ve got about $80,000 in consolidated student debt on the IBR plan. Good job, making about $48,000 a year. But since I’m not a doctor, lawyer, or wall street guy, I’ll never reduce the principle, and 25 years is a long time.

Would bankruptcy clear this? And if so, then why not just go for it? Not like I’ll ever be able to afford anything that would depend on my credit in this economy anyway.


Dear Nick,

I have answered numerous questions on this site regarding student loans. They are not dischargeable without some serious hardship, which is almost impossible to prove.

I suggest you search the site’s archives to see my posts on the history of student loans in bankruptcy.

Good luck!

My name is Lewis Roberts and I’m an attorney licensed in Florida and Georgia. My practice focus is consumer bankruptcy, real estate issues/closings, and mortgages. I also have Florida real estate broker and mortgage broker licenses. I am a proud member of the National Association of Consumer Bankruptcy Attorneys (NACBA), National Association of Consumer Attorneys (NACA), and a graduate of Max Gardner’s Bankruptcy Boot Camp. I enjoy helping people with decisions that impact their financial well-being.

Legal Disclaimer: This is for educational purposes only. It is not to be relied upon as legal advice. It also does not create an attorney-client relationship. No such relationship is formed with attorney without a written agreement.

If you have a bankruptcy question you’d like to ask just use the online form.

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Lewis Roberts

Florida Consumer Protection Attorney

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