People have long conjectured that student debts are soon to be forgiven. And it's understandable why this is receiving so much attention given that the overall amount of student loan debt is expected to reach $1.7 trillion in 2021 with no indications of slowing down. The typical student loan borrower has debts of close to $30,000.
Due to the fact that Federal Student Loans are not readily dischargeable in bankruptcy, regardless of how far behind on payments you are, how little money you earn, or how much debt you have, you must additionally file an independent "adversary proceeding" action in order to discharge your Student Loans.
