Fed Financial

If student loans through Sallie Mae go into default?

and are now with a collection agency are they able to be put into a bankrupcy??? I know that if with the original lender they are not able to be but just need some info on if the collection agencies have any different effect on this subject

Public Comments

1. My experience has been you cannot bankrupt student loans even if they have been turned over to a collection agency. They have to be paid off.
2. no they will just take ur taxies...............sorry
3. No, you cannot.... Collection agencies have simply replaced the "lender" as the "owner" of the debt. Just because its with a CA, doesnt mean the nature of the transaction has changed. You cannot write it off....