Most consumers believe that all student loans are ineligible for bankruptcy coverage, but certain Sallie Mae Tuition Answer student loans can be discharged.

When a bankruptcy discharges a loan, the loan is considered closed and basically, erased.

Sallie Mae Tuition Answer loans are considered non-qualified student loans, which means they are eligible to be discharged through a bankruptcy. These loans are above the “cost of attendance” to help students have money to live on while they go to school.

If you have a Tuition Answer student loan discharged in bankruptcy, but Sallie Mae or its representatives attempt to collect on these same loans after the bankruptcy, those collection attempts could be in violation of federal bankruptcy laws.

Tuition Answer Student Loan Harassment

The Fair Debt Collection Practices Act (FDCPA) prevents lenders and debt collectors from trying to collect on debts that have been discharged in a bankruptcy.

If you have had a Tuition Answer Student Loan discharged in a bankruptcy, but the debtor or its representatives continue to try to collect that money from you, you could be deserving of compensation for violations of the FDCPA.

When you file bankruptcy, you are protected by law from the borrowers of the loans that have been discharged. They cannot make future attempts to collect on debts that have been discharged. Lenders and debt collectors can be held liable for willful violations of the bankruptcy discharge order if they continue to harass you to collect payment.

Differences in Student Loans

All of the options for student loans could be presented to you at once, but not all loans are equally dischargeable.

Tuition Answer student loans are private student loans that are not made or guaranteed by the Department of Education. This means that Tuition Answer student loans don’t have the flexible repayment terms or borrower protections that federal student loans provide. Variable interest rates can impact your ability to make payments as rates increase.

With Tuition Answer student loans, the bank determines the interest rates, loan limits, terms and conditions. The federal government only has such control over federal student loans.

Student loan debt is not just a problem of the younger generation. The Consumer Financial Protection Bureau reported in January that “the number of consumers age 60 and older with student loan debt has quadrupled over the last decade in the United States, and the average amount they owe has also dramatically increased.”

The report goes on to say that the trend is not only because Americans carry debt longer, but also because they are helping finance the college educations of children and grandchildren.

If you have declared bankruptcy and continue to have creditors seek you out to repay a Tuition Answer student loan that was discharged, you could have legal recourse.