Student Loan Debt Relief is Coming

If you or someone you know is held back because of suffocating student loan debt, help may be on the way.  Lawmakers in Washington introduced a bill last week that would make it easier for student loan borrowers to cancel their debt in bankruptcy. The measure, which is supported by 14 Democrats, one Republican and one independent, is dubbed the Student Borrower Bankruptcy Relief Act of 2019.  The bill was introduced Friday, May 10, 2019, by Sens. Elizabeth Warren (D-Mass.) and Dick Durbin (D-Ill.), along with Reps. Jerrold Nadler (D-N.Y.), John Katko (R-N.Y.) and Joe Neguse (D-Colo.).  The thrust of the new bill is that student loan debt would be treated like other types of consumer debt.  I’ll provide more details as they come out.

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