New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 8. Education Department |
Chapter XX. Higher Education Services Corporation |
Subchapter D. The New York Higher Education Loan Program (NYHELPs) |
Part 2213. The New York Higher Education Loan Program (NYHELPs) |
Sec. 2213.25. Bankruptcy
Latest version.
- Holders, or entities servicing program loans, shall follow the procedures outlined in the program’s default avoidance and claim manual for any borrower filing bankruptcy on a program loan. program loans shall be non-dischargeable pursuant to section 523(a)(8) of the U.S. Bankruptcy Code.