Easier Student Loan Discharge in Bankruptcy
This bill aims to make it easier for citizens to discharge student loans in bankruptcy. If enacted, student debts incurred after the law's passage could be discharged through bankruptcy proceedings, which was previously much more difficult. This could offer potential financial relief for future students.
Key points
Allows student loans to be discharged in bankruptcy proceedings.
Changes apply only to new student loans taken out after the law's effective date.
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