Calling the Helpline is free, and they offer no-cost consultations, so what I would suggest you do is call the Helpline, tell them about your specific financial situation, explain the details of your outstanding debt, and ask them if you’ve got a realistic chance at qualifying for a bankruptcy discharge.The Helpline is great because even if you don’t seem to qualify for a discharge via bankruptcy, they can suggest other opportunities like challenging the validity of your loans (via the Defense Against Repayment Provision), consolidating your debt, and doing other things that’ll reduce your financial liabilities.
Thankfully there are actually federal student loan forgiveness programs.
That does not mean that everyone qualifies but for those that do it can relieve a great financial burden.
If you currently have a Palmetto Assistance Loan (PAL) and/or a federal loan with SC Student Loan, servicing for these loans has been transferred.
Any SC Teachers Loans will remain with SC Student Loan.
This page explains the student loan bankruptcy discharge process in detail, walking you through the different types of Bankruptcies (Chapter 7 vs.