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The new processes established by the Department of Justice in 2022 has made it easier for borrowers to discharge student loans through bankruptcy. Filing for student loan bankruptcy is never ideal ...
Student loan payments resumed in October 2023, with the average payment estimated at $200 to $299 per month, according to U.S. Federal Reserve data reported on by Fox Business. See: Biden Cancels...
While certain student loan borrowers can use the bankruptcy process to have their loans discharged, the process has been very cumbersome -- but this might change thanks to new guidelines. Find Out ...
More student loan borrows have successfully received debt relief through bankruptcy after the Biden administration made a policy change to make the process easier nearly two years ago, according ...
Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3]
Since Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, both federal and private student loans are more difficult to discharge in bankruptcy than other types of ...
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