If you have a serious illness, you might be able to apply for a discharge of this debt through bankruptcy. Otherwise, you will want to look at income based repayment plans. These plans are unlikely to cancel the student loan debt but could make repayment affordable. Hope this perspective helps!
Your question does not contain enough information to allow for a simple answer. Do you have other debts? Do you have assets to protect? You should contact a local bankruptcy attorney for a free consultation. Discharging a student loan in bankruptcy requires an adversary action. This is work above and beyond a typical chapter 7 bankruptcy case.
The link below will take you to your non-bankruptcy options such as income-driven repayment plans.
You can search for an attorney using the Avvo "Find a Lawyer" link at the top of this page.
Nels Hansen is a bankruptcy lawyer in Austin Texas and accepts clients in Austin, Georgetown and Pflugerville. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code and have done so proudly since 1996. The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Answers provided are for general discussion only and are not to be considered legal advice and they do not create an attorney-client relationship.
No way to answer this question authoritatively with the dearth of information. A chapter 13 filing would give you a means of reducing the payment, but there are other programs that result in an income-based repayment of the debt.
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