Because many student loans are in fact subsidized by the government they most likely won’t be waived and must still be paid in full even if you do file for bankruptcy. Since 1998 the stipulations and laws regarding bankruptcy have been amended. When financial institutions started losing dollars within the millions from student loans the ruling was made that they were non-dischargeable. Also when loans which had been federal government guaranteed were forgiven by means of banruptcy the government began losing millions of dollars too.

Despite what you may have heard bad credit personal loans after bankruptcy are available from some companies. Sometimes in fact some companies will offer them as little as 30 days after the bankruptcy discharge.