Help for Student Borrowers When School Closes

Student loans are not generally discharged in bankruptcy, but what happens when the school closes and the student does not receive the education she borrowed the money for? As long as the school closed within 90 days of enrollment or the last day attended, there is a remedy for student loan borrowers (but it is not a bankruptcy remedy).

Check out this link to search for closed schools. The regulation is 34 C.F.R. § 682.402(d). More help for student borrowers is available at www.studentloanborrowerassistance.org.

About Jill Michaux

Jill Michaux is a Kansas bankruptcy attorney. She can be found on Google+. She and her partner, Mark Neis, are Topeka's only board certified consumer bankruptcy law specialists.