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No student loan forgivessness, bankruptcy not an option LOL
| Galvanic Hell Regret | 12/29/25 |
| Slippery naked shrine | 12/29/25 |
| exciting swollen mental disorder meetinghouse | 12/29/25 |
| Slippery naked shrine | 01/02/26 |
| Ebony Pea-brained Sandwich Temple | 01/02/26 |
| navy fantasy-prone senate boltzmann | 01/02/26 |
Poast new message in this thread
Date: December 29th, 2025 3:22 PM Author: Galvanic Hell Regret https://www.cnbc.com/2025/12/29/bankruptcy-student-loan-borrowers.html
Student debt has long been considered difficult, if not impossible, to discharge in bankruptcy. But that hasn’t been the case in recent years, a new study finds.
The success rate for student loan borrowers who attempt to discharge their debt in bankruptcy has “jumped” to 87%, according to an analysis published in The American Bankruptcy Law Journal this month.
The improved outcomes for student loan borrowers in bankruptcy stem, in large part, from updated bankruptcy guidelines the Biden administration issued. In November 2022, the U.S. Department of Education and the Department of Justice rolled out a policy that experts say treats student loans more like other types of debt in bankruptcy court. Borrowers can fill out a 15-page attestation form, detailing their financial struggles and making their case for a mulligan.
The Trump administration has not rescinded that guidance. The Education Department did not respond to a request for comment. |
Date: December 29th, 2025 3:23 PM Author: Slippery naked shrine LJL (http://www.autoadmit.com/thread.php?thread_id=5815193&forum_id=2...#49547610) |
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Date: December 29th, 2025 3:32 PM Author: exciting swollen mental disorder meetinghouse Also what “no loan forgiveness” are people talking about? I got PSLF in the summer. $300k (only took out $150k but interest) forgiven after working 10 years. If you don’t get biglaw just get some government gig that you get raises to $200k+ plus pension and get your shit forgiven in 10 years. No idea why this is such a hard concept. No it’s not biglaw money but it’s literally a way out.
People are so stupid to stay in the private sector if you strike out at Biglaw and stay in the private sector with $200k of student loans. Everyone I work with got PSLF. By the time it’s forgiven you’re 36 and can still move on with your life paying probably $20k of the total balance over 10 years. |
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Date: January 2nd, 2026 4:51 PM Author: Slippery naked shrine You deserve the PAYED4 license plate now (http://www.autoadmit.com/thread.php?thread_id=5815193&forum_id=2...#49557078) |
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Date: January 2nd, 2026 4:55 PM Author: Ebony Pea-brained Sandwich Temple that wasn't for private loans, right? and non-private loans don't cover shit but tuition, right?
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Date: January 2nd, 2026 4:57 PM Author: navy fantasy-prone senate boltzmann i paid off six figures of student loan debt. it was nbd (http://www.autoadmit.com/thread.php?thread_id=5815193&forum_id=2...#49557088) |