<prompt> Human: I was listening to a recent financial discussion podcast Listen, Money Matters, if you care and they had a guest speaker on talking about his upcoming documentary on student loan debt. As an aside, the speaker proffered the question of why students arent taking out massive credit card debt, getting advance checks what is that? from said credit cards, paying off the student loan debt, then declaring bankruptcy on the credit card debt. He did not recommend this strategy, its important to state, but instead was wondering why more people arent considering this strategy as an option for bankrupting on student loan debt. It was an interesting discussion, and I was wondering if anyone here knew of a reason why this would be illegal. I have no student loans and therefore no dog in this fight, but I thought it would be a good topic for discussion.  <response>: According to this guy: Student loan debt is still exempt from bankruptcy even when it is reorganized or refinanced through other forms of credit. That leaves the debtor with the obligation to repay the balances and with the higher interest rates that are likely to come with them. Oh, and there is also the possibility of being hit with legal charges if the court believes that there was intent to defraud the lender. To make matters even worse, youll still be responsible for repaying the balance even if you go to jail! 