11/06/2014 06:04 pm ET Updated Nov 06, 2014

We All Lose Under Current Student Loan Bankruptcy Rules

Zephyr Picture via Getty Images

One of the most poignant features of student debt is that, short of paying it off, it's pretty much impossible to get rid of. In 2005, the bankruptcy code was updated to make private loans "non-dischargable" in a personal bankruptcy, meaning that, unlike other private debts, student loans can't be forgiven or written off.*

Read more on Daily Finance