Get Out of Debt Guy - Steve Rhode

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.