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Can Student Loans be Discharged in Bankruptcy?

  Student loan debt is a growing problem in the United States as the cost of higher education and difficulty obtaining employment with a reasonable salary combine to make life difficult for college graduates. As of 2018, American citizens owe over $1.4 trillion dollars in student debt, outpacing the nation’s multi-billion dollar credit card debt. Student loan debt can create a crippling burden for people of all ages, eventually leading to the need to consider bankruptcy as an option for f[...]

Updates on Student Loan Debt

Student loan debt remains a huge problem in the United States. It seems like there is a near endless stream of stories coming out about students who are unable to obtain employment at a level that will allow them to make substantial payments towards their student loans.  These students are left with the daunting realization that they will be making student loan debt payments for life.  And many still won’t ultimately pay off all of their debt.  This is more than an anecdote, statistics have[...]

Student Loan Relief in Bankruptcy

Will Student Loan Relief Soon Be Available in Bankruptcy Proceedings? John Delaney hopes so.  Not the University of North Florida President, but a US Representative from Maryland by the same name.  Delaney filed a bill (H.R. 499) that would provide student loan relief by removing student loans from the bankruptcy code’s list of non-dischargeable debt in 11 USC 523.   Current State of Student Loan Bankruptcy Law As discussed in earlier blogs, student loan debt is currently considered non-dis[...]