Student Loan Repayment Undue Hardship

  For Nancy Jane Polleys, repaying the student loan balance is an undue hardship. The Defendant-Appellant Education Credit Management Corporation (ECMC) should consider various factors that contribute to one's repayment of his or her student loan. Ms. Polleys was 45-years-old at the time she was tried. The person obtained an accounting degree in 1993 that student loan funds financed. When her outstanding loan balance was consolidated during the trial, it amounted to about $51,000. As such, if she was to settle the entire amount, Ms. Polleys would be required to pay $420 for the ...