Associate Professor Jason Iuliano, an expert on student loan debt, bankruptcy, and consumer protection, spoke with national media outlets about the Biden Administration’s plans to make it easier for Americans to clear their student debt as part of bankruptcy proceedings.
Current bankruptcy code makes it extremely difficult for an individual to have their student debt cancelled after declaring bankruptcy. Iuliano conducted a 2020 analysis that found just a tiny percentage of individuals who declared bankruptcy attempted to also have their student debt wiped away.
Read more here:
New York Times: Biden Administration offers new path to discharging student debt in bankruptcy
Wall Street Journal: Biden Administration to make it easier to dismiss student loans in bankruptcy