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☆ More student-loan borrowers are taking advantage of an updated route to get rid of their debt in bankruptcy court, top Democratic senators say
▼ + stars: | 2024-10-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

New data obtained by some lawmakers shows more student-loan borrowers taking advantage of that new process. Elizabeth Warren led some of her colleagues in calling for bolstered outreach on the bankruptcy process. AdvertisementAn updated process for student-loan borrowers to get rid of their debt in bankruptcy court is working, a group of Democratic senators said. Discharging student loans in bankruptcy court has been historically difficult. Lawmakers have also introduced legislation to make the bankruptcy process easier for student-loan borrowers.

Persons: Elizabeth Warren, —, Dick Durbin, Sens, Raphael Warnock, Sheldon Whitehouse, Biden, Jerry Nadler, Nadler Organizations: Biden, Service, Business, Justice, Education, Democratic, Justice Department, DOJ, Lawmakers Locations: Sens, House

☆ More student-loan borrowers are getting debt cancellation through bankruptcy 2 years after Biden streamlined the process
▼ + stars: | 2024-07-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewThe Biden administration's new process to help student-loan borrowers get rid of their debt in court is working. On Wednesday, the Justice Department released an update on bankruptcy for borrowers following new guidance it released in 2022. "Our clear, fair, and practical standards are helping struggling borrowers find relief that was previously out of reach," Under Secretary of Education James Kvaal said in a statement. "This data should puncture the myth that struggling borrowers cannot discharge their student loan debt through bankruptcy," he continued. AdvertisementThe Justice Department did not immediately respond to Business Insider's request for the total number of borrowers who have received discharges through this process.

Persons: —, Biden, Education James Kvaal, Sen, Elizabeth Warren, Benjamin Mizer Organizations: Service, Justice Department, Business, Education, Justice, Department of Justice, Student Defense, Democratic

☆ A growing number of student-loan borrowers are slowly benefitting from a new process that would get rid of their debt in court
▼ + stars: | 2023-11-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Education and Justice Departments said their new bankruptcy guidance for student-loan borrowers is a success. They said 632 borrowers have filed for relief in the first 10 months of the new process. But they did not include the exact number of borrowers that have actually gotten that relief. AdvertisementOver the past year, a growing number of student-loan borrowers have tapped into a new process to help them get rid of their debt in court. On Thursday, the Education and Justice Departments announced a "successful first year" of its updated guidance to help borrowers discharge their debt through bankruptcy.

Persons: —, there's, Vanita Gupta, Aaron Ament, Ament, Massachusetts Sen, Elizabeth Warren, General Merrick Garland, Ron DeSantis, we've, DeSantis Organizations: Justice, Service, Education, Justice Department, Student Defense, Education Department, Duke Law, Department, Democratic, Republican, GOP Florida Gov Locations: Massachusetts

[1/2] Students and pedestrians walk through the Yard at Harvard University in Cambridge, Massachusetts, U.S., March 10, 2020. Democratic President Joe Biden's administration had defended that long-standing practice in the court cases against Harvard University and the University of North Carolina. The ruling left some questions unanswered, and more legal challenges by conservative activists are expected targeting diversity initiatives in education and corporate America. Education Secretary Miguel Cardona said promoting campus diversity remained important even after the ruling. But the departments said universities may consider how race has affected an applicant's life, such as in an applicant's essay.

Persons: Brian Snyder, Biden, Joe Biden's, Miguel Cardona, ”, Nate Raymond, Jarrett Renshaw, Jonathan Oatis Organizations: Harvard University in, REUTERS, U.S, Supreme, Education, Justice, Democratic, Harvard University, University of North, America, Justice Department, Department's, Civil, Harvard, Thomson Locations: Harvard University in Cambridge , Massachusetts, U.S, University of North Carolina, Boston, Washington

☆ Biden is giving colleges tips on rethinking legacy admissions after the Supreme Court struck down affirmative action
▼ + stars: | 2023-08-14 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Supreme Court struck down affirmative action in college admissions at the end of June. The Education and Justice Departments released new guidance for colleges in the ruling's aftermath. They said colleges can reconsider how they use legacy preference in admissions. On Monday, President Joe Biden's Education and Justice Departments released new guidance to schools in the aftermath of the Supreme Court decision at the end of July that struck down affirmative action in college admissions. Following the affirmative action decision, legacy preference in college admissions entered a harsh spotlight.

Persons: Joe Biden's, Merrick Garland, Kristen Clarke, Catherine Lhamon, Cardona Organizations: Justice, Service, Joe Biden's Education, Civil, Education Department, Harvard University, Community Economic, Greater Boston, Network, Harvard, Wesleyan, Occidental Locations: Wall, Silicon, New England

☆ Only a couple dozen student-loan borrowers have gotten their debt wiped out in court since Biden announced changes nearly a year ago to make the process easier
▼ + stars: | 2023-08-11 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Biden announced reforms to the bankruptcy process for student-loan borrowers in November. In November, the Education and Justice Departments announced they were changing the way student-loan borrowers can attempt to discharge their loans through bankruptcy. The bankruptcy process for student-loan borrowers has also been under increased scrutiny recently from lawmakers on both sides of the aisle. Ron DeSantis also recently said during remarks unveiling his economic plan should he be president that he supports bankruptcy as a path for student-loan borrowers. As is typical with government programs, implementing changes to the bankruptcy process could take some time.

Persons: Biden, It's, Joe Biden, Aaron Ament, it's, Massachusetts Sen, Elizabeth Warren, Ron DeSantis Organizations: Student Defense, Service, Education, Justice, Education Department, Student, of Education, Public, An Education Department, Department of Education, Department of Justice, Justice Department, Florida Gov Locations: Wall, Silicon, Washington, Massachusetts

☆ Elizabeth Warren and Ron DeSantis agree on one way student-loan borrowers should get a path to relief: getting rid of debt in bankruptcy court
▼ + stars: | 2023-08-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

DeSantis have expressed support for student loans to be dischargeable in bankruptcy. Borrowers previously had to meet a strict standard to get rid of their debt in court. But a path for student-loan borrowers to get rid of their debt in court might just be that opportunity. When a student-loan borrower finds they cannot afford their monthly payments, they cannot simply declare bankruptcy and be absolved of their debt. Still, both Warren and DeSantis have argued all borrowers should face an easier path to bankruptcy if they are dealing with unaffordable student debt.

Persons: Sen, Warren, DeSantis, It's, Massachusetts Sen, Elizabeth Warren, Ron DeSantis, Joe Biden, we've, General Merrick Garland, Thomas Massie Organizations: Gov, Justice, Service, Florida Gov, Education, Economic, GOP, Education and Justice Department, Consumer Financial Locations: Wall, Silicon, Massachusetts, Florida

☆ Ron DeSantis says he has 'sympathy' for some student-loan borrowers — and wants to make it easier for them to get rid of their debt in court
▼ + stars: | 2023-08-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Ron DeSantis said he supports bankruptcy as an option for student-loan borrowers. The Education and Justice Departments announced reforms to ease the bankruptcy process. But he does think bankruptcy should be an option for borrowers who cannot afford to pay off their debt. Debate over the issue of bankruptcy for student-loan borrowers has been ongoing, and a topic lawmakers on both sides of the aisle have been concerned about. Last week, Warren requested updated information from the Justice Department on the status of implementation of the new reforms to the process.

Persons: Ron DeSantis, DeSantis, we've, Joe Biden's, Biden, Massachusetts Sen, Elizabeth Warren, Warren Organizations: Justice, Service, Gov, Economic, Joe Biden's Education Department, Education Department, Justice Department, DOJ, ED Locations: Wall, Silicon, Massachusetts

☆ Student-loan borrowers should be able to achieve 'financial freedom' through bankruptcy, Elizabeth Warren says — especially with 'the looming threat of restarting' repayment
▼ + stars: | 2023-07-27 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Sen. Elizabeth Warren sent a letter to the Justice Department for an update on bankruptcy reforms for student-loan borrowers. In November, the DOJ updated guidance to make the bankruptcy process easier. In November, President Joe Biden's Education and Justice Departments released new guidance on the process for borrowers to get rid of their debt through bankruptcy. As Insider previously reported, Biden himself played a part in making the bankruptcy process more difficult for student-loan borrowers. The Justice Department has not yet commented on updates to the bankruptcy process.

Persons: Sen, Elizabeth Warren, Massachusetts Sen, Joe Biden's, it's, Warren, Merrick Garland, Garland, Biden, Richard Cordray, we're Organizations: Justice Department, DOJ, Service, Massachusetts, Joe Biden's Education, Justice, ED, Consumer, Federal, Department, Education Department, Consumer Financial Protection Bureau Locations: Wall, Silicon

☆ A student-loan borrower just got $78,000 in debt wiped out in court after 3 decades of repayment following Biden's new bankruptcy guidance
▼ + stars: | 2023-04-26 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Zena Dodson, a borrower with $78,000 in student debt, just got her loans discharged via bankruptcy. The relief follows new Education and Justice Department reforms to the bankruptcy process last year. But Biden's Education and Justice Department guidance last year streamlined the process for student-loan borrowers to receive relief through bankruptcy, which helped get Dodson her relief. "For too long, the federal government was fighting borrowers in bankruptcy court based on overly-stringent guidance," Ament said. "We're hopeful these new policies give more student loan borrowers like Ms. Dodson a chance at a financial fresh start."

☆ Some student-loan companies are 'ignoring' court orders and continuing to collect borrowers' debt after they received relief through bankruptcy, a federal consumer watchdog finds
▼ + stars: | 2023-03-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The CFPB found some student-loan companies have continued to collect on debt that was discharged in bankruptcy. It comes after the Education and Justice Departments reformed bankruptcy guidance for borrowers last year. The student loan servicing industry should ensure that their collection practices are compliant with the law." The companies' unlawful misconduct only adds to the difficult process borrowers must face when attempting to get rid of their student debt through bankruptcy. The entire student loan industry should take notice—the days of cheating borrowers out of their legal right to bankruptcy are over."

☆ Biden's step toward allowing student loan discharge in bankruptcy is 'a step in the right direction,' director of new student loan documentary says, but 'the devil is always in the details'
▼ + stars: | 2022-11-23 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

"Loan Wolves," a documentary about the law surrounding bankruptcy and student loans, premiers Dec. 11 on MSNBC. Currently, two words inserted into a '90s law make it nearly impossible for borrowers to declare bankruptcy over student loan debt. The conversation surrounding the "undue hardship" clause and student loan discharge through bankruptcy has evolved in recent years, as the Biden administration has progressed on promises to discharge some student debt and address the growing debt crisis. Cancelation of student debt? Schumer has been pushing Biden to cancel student loan debt.

☆ Biden's administration just made it easier for student-loan borrowers to get rid of their debt in court
▼ + stars: | 2022-11-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The Education and Justice Department released new guidance on bankruptcy for student-loan borrowers. The guidance gives federal borrowers an easier path to relief by making the process more transparent. On Thursday, President Joe Biden's Education and Justice Departments released new guidance on the pathway for student-loan borrowers to get rid of their debt through bankruptcy. While the undue hardship standard still exists, it's an improvement in that the clear guidelines will allow for consistent treatment of loan discharges. It also gives the Justice Department clear standards for recommending relief to the judge without having to go through time-consuming investigations, per the press release.

☆ Pennsylvania school district created culture of anti-LGBTQ discrimination, complaint alleges
▼ + stars: | 2022-10-07 | by ( Zachary Schermele | ) www.nbcnews.com time to read: +4 min

The American Civil Liberties Union of Pennsylvania filed a federal complaint Thursday alleging one of the largest school districts in the state has created a widespread culture of discrimination toward LGBTQ students, particularly those who are transgender and nonbinary. The lawyers interviewed dozens of LGBTQ students and their parents, as well as current and former teachers and staff. The bullying forced some of them to miss school, and in 2019, a former transgender student attempted suicide, according to the complaint. Serving more than 18,000 students, Central Bucks drew national attention in 2021 as debates over pandemic policies gave way to larger culture-war clashes in the community. Amid a surge in anti-LGBTQ rhetoric and policy in school boards across the country, Walczak said, the alleged circumstances at Central Bucks are not an isolated situation.

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