Student Loans Easier to Discharge via Bankruptcy After Policy Changes
A report from The Century Foundation shows a nearly 25% delinquency rate for student loans as of 2026. In 2022, the U.S. Departments of Justice and Education simplified federal student loan discharge in bankruptcy by allowing borrowers to submit financial status attestations instead of undergoing lengthy legal processes. A study found that success rates rose from 39% in 2007 to 87% in 2023.
Topics: bankruptcy financial policy student loans