Why it's now easier for student loan borrowers to get rid of their debt in bankruptcy court
Why it's now easier for student loan borrowers to get rid of their debt in bankruptcy court
- Last November, the Biden administration rolled out a new process for the discharge of education debt in bankruptcy court.
- The new guidelines were aimed at making it easier for struggling borrowers to get a fresh start.
- Consumer advocates say only borrowers in extreme financial distress should consider bankruptcy.
For decades, it was nearly impossible for student loan borrowers to walk …