I'm graduating college w/$120,000 student loans. Can I declair bankruptcy and basically get a free education?

Question

I'm graduating in April with a Mechanical engineering degree and have a job with GM starting in October making $60K a year. Can I declair bankruptcy between graduation and the start of my carieer while I don't have a house or car for my creditors to repossess? My income during my months off will be probably $0, so maybe the judge will think this guy has no income and all this debt, and my debt will get all abolished. I really don't have any financial troubles, I'm just trying to cheat the system and get away with a free education. (An education that the government should have paid for anyway)

Answer 1

There are two sources for student loans -- the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). A college student loan is a sum of money available to full time students, with a minimum level of interest required during the period in which they are registered as full time students.

http://www.worldbestloans.com/

Federal loan consolidation is for students who are in repayment status or parents who wish to extend the repayment period on their current PLUS and obtain a fixed interest rate for the life of the loan you can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.