As thousands of college graduates enter the workforce this May and June burdened with heavy student loan debt, there is new hope that they may be able to write-off student loan debt under certain circumstances.  Seven members of Congress are asking for “undue hardship” guidelines that would allow some individuals to discharge federal student loans through the filing of a bankruptcy.  By defining what constitutes “undue hardship,” more individuals may be allowed to discharge student loans when they file bankruptcy.

For more on this subject read, “Student Debt Write-Offs: Congress Wants More Latitude.”

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