Answered on Apr 24th, 2013 at 2:43 PM
Unfortunately, as today (April 24, 2013), private student loans are not currently treated differently in bankruptcy than government guaranteed student loans. There are lobbying efforts underway to make private student loans dischargeable in bankruptcy, and the National Association of Consumer Bankruptcy Attorneys is working to get such a law passed. In the meantime, it is still possible to discharge a student loan if you can prove that it would be an "undue hardship" to be required to repay the loan. This involves filing a lawsuit against the student loan lender after the bankruptcy case has been filed.