US President Joe Biden.BRENDAN SMIALOWSKI/AFP via Getty Images Biden announced reforms to the bankruptcy process for student-loan borrowers in November. New data obtained by Student Defense found fewerr than 45 borrowers have seen relief since those reforms. Experts and lawmakers want to ensure bankruptcy is a viable option before payments resume this fall. It's been nearly a year since President Joe Biden announced reforms to make it easier for student-loan borrowers to get rid of their debt in bankruptcy court.

BING NEWS:
  • How a student-loan borrower got $155,000 in debt wiped out through bankruptcy using new relief guidance
    Alrena Dale, 61, was working multiple jobs to afford her monthly student-loan payments. Then came Biden's new bankruptcy guidance.
    12/21/2024 - 10:20 pm | View Link
  • 54,900 student-loan borrowers are getting $4.28 billion in debt wiped out a month before Trump takes office
    President Joe Biden announced student-loan forgiveness for borrowers in Public Service Loan Forgiveness. Relief will likely stall under Trump.
    12/19/2024 - 9:00 pm | View Link
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