Proving the “undue hardship” requirement to discharge your student loans is a very difficult task. But while this one exception for discharge is reserved for extreme of economic situations, in some situations your student loans may be partially discharged.
For instance, a 62 year old man with no dependents who could not find public or private employment in his educational field could not get a full discharge on his loans. The man had a minimal income which consisted of a part time salary and some security benefits.
The court ruled that he was capable of maintaining a minimal standard of living if required to repay his student loan obligation of about $20,000. That is because the lender had reduced his debt of about $108,000, bearing interest at 7.75%, to $20,160 at 0% interest. Had the lender not reduced his debt, it is likely that there would have been a full or partial discharge of the man’s loans.
In any case, if you are hoping to get your all of your student loans discharged you might be disappointed. In some c