HR 2366 to Discharge Student Loans in Bankruptcy Has Nearly Zero Chance of Passing

HR 2366 was a bill introduced in the House of Representatives in May of 2017 in an effort to restore the dischargeability of student loans in bankruptcy. While some say it is a bipartisan effort it actually has 25 cosponsors of which only one is a Republican.

The bill is similar to a bill proposed in 2015 that went nowhere.

I checked on the current status of the bill and as of today it has a four percent chance of passing. But given the current attack on student loan debtors by the current administration I’d give it a zero percent chance of passing in the current climate where all sorts of protections are being rolled back to protect student loan debtors.

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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