here with money managing tips university of san diego professor dan roccato. be when you can't pay your student loans and what it is now. >> yeah. good morning, carley. happy black friday to you. it used to be that you had to wait seven years after you graduated to, you know, begin the process of a bankruptcy. you would be considered and you also had to prove an undue hardship. which w fairly vegas and often t used, difficult, almost impossible to get your student loans forgiven through the bankruptcy process. where we are today it's become a little bit easier now with the new guidance from the biden administration. you have to basically prove three things. you're unable to maintain a minimum standard of living. your hardship will continue into the future and have you made some good effort, you know, to pay those loans over the last few years. you don't have to no longer wait seven years. it's become a little bit more, let's say easy to get rid of those student loans through the legal system. >> carley: dan, filing for bankruptcy, of course, kills your credit