WASHINGTON, D.C. – Today, U.S. Senator Jacky Rosen (D-NV), a member of the Senate Committee on Health, Education, Labor, and Pensions (HELP), announced her co-sponsorship of the Student Borrower Bankruptcy Relief Act, legislation that would allow student loans to be dischargeable during bankruptcy.
“Students in Nevada and across the country are being saddled with the burden of rising debt, with even those with full time jobs finding themselves unable to pay their student loans, even after bankruptcy,” said Senator Rosen. “Congress must take action to protect our nation’s students so that they aren’t dragged down by student loan debt. I will continue to work on forward thinking solutions to our nation’s student loan debt crisis.”
BACKGROUND: Currently, while nearly all other forms of consumer debt are dischargeable in bankruptcy, student loans can only be discharged if the borrower proves “undue hardship” in court.
Last Congress, then-Congresswoman Rosen co-sponsored similar legislation, the Discharge Student Loans in Bankruptcy Act of 2017.