Biden Says He Is “Unlikely” To Cancel $50,000 In Student Loan Debt By Executive Order

You can declare bankruptcy on student loans or get some partial cancelation but you have to meet the three prongs of the Brunner Test:

“(1) that the debtor cannot maintain, based on current income and expenses, a minimal standard of living for herself and her dependents if forced to repay the loans; (2) that additional circumstances exist indicating that this state of affairs is likely to persist for a significant portion of the repayment period of the student loans; and (3) that the debtor has made good faith efforts to repay the loans.”

https://www.weltman.com/publication-trends-in-student-loan-dischargeability#:~:text=It%20is%20a%20three-pronged,circumstances%20exist%20indicating%20that%20this

/r/Economics Thread Parent Link - forbes.com