Can I erase my student loan debts through bankruptcy?
Federal Student Loans cannot be discharged by way of bankruptcy. If you are in fact thinking about bankruptcy, you are likely facing some financial hardships. You might not already know that there are numerous ways to defer payment plans that have very low monthly payments, sometimes even as low as $0 dollars a month. In some instances, you might be eligible for loan forgiveness within these repayment plans. Download PDF
The Student Loan Assistance Counsel (SLAC) is a third party provider and is not associated with any government entity including the Dept. of Education. SLAC is a private organization specializing in Document Preparation, Submission, and Tracking. We offer a free counseling session to help identify which Federal programs are available to you. Our service consists of the Preparation, Submission, and Tracking of your Federal Student Loan Consolidation Documents. Consumers are not obligated to use a third party resource and may choose to complete their own documents for student loan consolidation based on the federal programs. SLAC does not provide services for debt negotiation, debt settlement or any altering of the current debt. Our services are strictly for the assisting in the completion, submission, and tracking of federal student loan program documents.