Well….I have some very unconventional advice for circumnavigating things. I wouldn’t even call it advice, but I can tell you how being a victim of bad circumstances ended up saving me from my student loans:
I’ll try to keep this long story brief, but basically I was underemployed and had a hard time keeping jobs bc of my severe ADHD combined with no insurance and so no meds. I defaulted on all my loans because I was living paycheck to paycheck, relying on public assistance to get by in spite of working 50+ hour weeks at low-wage jobs.
I live in PA, one of three states where lenders for private loans can’t garnish your wages for defaulted loans so I had that keeping me afloat. One lender sued me, which I would not find out about for several years because I was improperly served. The other lender did not sue me within the statue of limitations (4 years from date of default in my state) so they can no longer take legal action against me to collect.
Seven years passed and that default came off my credit report. When I learned of the suit from the other lender, I learned they had also sold my debt and the new creditor had no original paperwork on the debt. I hired a lawyer for $800 who filed to have everything removed (I’m simplifying the process for brevity)because they couldn’t show ownership of my debt. It was totally wiped away. Gone. Forever. It’s like I never owed it. The other debt I eventually settled for about $1,000 on a $25k debt. At this point I had rebuilt my credit and had been at a stable, good-paying job for a while so I opened a 0% interest credit card to pay off the settlement and paid that off over a few months.
I am not recommending this as a solution. My credit was destroyed for a decade, but I was poor so it didn’t matter anyway because I wasn’t in a position to take on credit to begin with. I just wanted to share with you to let you know that if you DO default, it’s not the end of the world. Especially if you don’t own property to begin with. It sucks, yes, but you can totally bounce back!
Good luck and I hope you find an actual answer.