Americans Tackle Student Debt Crisis Through Biden-era Bankruptcy Changes
More Americans are exploring bankruptcy as a solution to the student loan crisis, thanks to a Biden-era policy making loan forgiveness more accessible.
Individuals like Elizabeth Hadzic, a mother of three, see this as an opportunity to relieve themselves from overwhelming student debt, opening doors to pursue their aspirations.
The change, announced last year, has the potential to impact the lives of over 43 million Americans burdened with a combined student debt of over $1.7 trillion.
Although the process is still gaining traction, early cases indicate a positive impact on those seeking relief.
[Source: BBC News]
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