America’s student loan debt continues to grow. At the end of 2018, student loan debt hit over $1.5 trillion, tripling in size since 2006. For the over 44 million Americans with student debt, there was no hope for relief if they ever found themselves in a situation where they could not pay back their loans. But…
In May 2019, the Student Borrower Bankruptcy Relief Act was introduced to set things right. If approved, student debt would once again be treated like medical debt or credit cards in bankruptcy. For borrowers who truly cannot afford to pay their student loans, they would be able to wipe the loans out in bankruptcy. Filing bankruptcy not taken lightly: bankruptcy courts evaluate each case closely.
That is why the National Association of Consumer Bankruptcy Attorneys (NACBA) has released a new project:
StudentDebtBomb.com
To further strengthen the call to restore student loan bankruptcy discharge, NACBA is proud to introduce a new project: studentdebtbomb.com, a social media campaign to promote the Student Borrower Bankruptcy Protection Act of 2019 (S. 1414 and H.R. 2648), which seeks to make student loans fully dischargeable. The goal of the social media campaign is to encourage people to contact their Senators and Congressional Representatives, urging them to cosponsor the bills.
For further information, please contact Krista D’Amelio, NACBA Director of Government Affairs & Communications, at krista.damelio@nacba.com.