Judge: Law Grads in Bankruptcy Can Cancel Loans for Studying for Bar

A federal judge ruled last week that law school graduates who take on debt for programs to help them study for the bar may erase those debts if they file for bankruptcy, The Wall Street Journal reported. In most cases, student loans may not be erased through bankruptcy. But the decision said that debt taken on to study for the bar is more like commercial debt than education debt. The case was brought by a woman who borrowed $15,000 for a course to study for the bar. She didn't pass. She also has nearly $300,000 in student loan debt.