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Can I discharge my student loans if I am dissatisfied with the school I attended?

Historically, dissatisfaction with your school does not amount to a defense on federal student loans or private ones for that matter but there has been some changes. Recently, with the failure of Corinthian and ITT, there's been a new program that came out November 1 of 2016 called The Defense to Repayment. It has no track record yet, so we don't know yet the success of the program but it's intended for folks who went to a school that were defrauded. They were told something that wasn't true, they relied on that, they took out federal loans.

Now, they can obtain a discharge as long as they're making the claims within the correct statute of limitations. It is possible, even though historically usually the courts had basically said, "You're stuck with them."


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