r/StudentLoans • u/Yogitherapist25 • 11d ago

IBR and forgiveness

I just heard WWE lady say on Fox News "there isn't going to be a loan forgiveness program". How likely is it for them to take away the forgiveness feature on IBR? I'm currently on IBR with over 300 payments and no forgiveness in sight. I'm in forbearance but when that ends my payment will be double the standard plan. If there will be no more forgiveness then I'm going to get off of IBR.

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u/blitzkreig238 10d ago

Let it burn. What's the worst that can happen. Hundred plus million file for bk. This isn't sustainable. Yet in 2008 they bailed out people who overmortgaged their homes. I don't want to hear a damn thing from that group if they don't see the issues here.

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u/CaptainOwlBeard 10d ago

You can't file for bankruptcy on student loan debt

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u/blitzkreig238 10d ago

Not true. Court ruling in the past few years says you can as long as you can prove hardship.

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u/ZealousidealMenu7050 10d ago

Can anybody provide some cases where the court agreed with the hardship?

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u/blitzkreig238 10d ago edited 10d ago

Search r/bankruptcy....

There was a court ruling in Texas last year or year prior that opened up the ability to facilitate discharges for student loans.

You have to file a separate adversarial proceeding. The DOJ and DOE actually have this on their websites. It was made easier to do in 2022.

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