A student loan default can be financially devastating. Here's how to get out of trouble if it happens to you

Contributing sentiments towards policy:

52% : "Student loans, like most loans, are considered delinquent the minute a single payment is late," says Peg Keough, director of education at College Aid Pro.
51% : Despite common misconceptions, it is possible to have your student loan debt discharged through bankruptcy.
50% : If you think you may have student loans in default but aren't sure, there are several ways to check.
46% : "The grim reality is that the vast majority of student loans will still require repayment even after bankruptcy proceedings."To qualify to discharge student debt, your payments will need to pose what the US Bankruptcy Code calls an "undue hardship."
40% : Student loans are a valuable tool to help you cover the costs of higher education, but they come with some risk.
40% : "For student loan borrowers who find themselves in default, the ramifications are not pleasant," Keough says.
33% : Generally, though, experts say the road is challenging."Arguably the trickiest and most frustrating aspect of student loans is how hard they are to discharge in bankruptcy," Keough says.

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