Can insolvency help with student loans?

Yes, insolvency  can help with student loan debts if you have been out of school for seven years or more.

  • If you have been out of school for 7 or more years student loans are treated like regular unsecured debts.
  • Students, who have only been out of school for 5 year (but less than 7 years) and are experiencing financial hardship, may apply to the Court to request their student loans be discharged along with the rest of their debts.