Thread by @Effective_Insti

1/ @POTUS @JoeBiden @DrBiden @FLOTUS @SpeakerPelosi @VP @SenWarren @SenSanders One simple but significant step toward achieving #studentloanrelief may come under the umbrella of bankruptcy reform. Someone should propose an immediate release of the #draconian requirement that

2/ #SL, comparable to any other debts, including #taxes, are more valuable & thus require a higher #burdenofproof to obtain relief compared to other bankruptcy discharges (Chap. 7) or debt reorganizations (Chap.13). No other debt requires what SL do. @FAFSA states that to receive

3/ #studentloan relief in a #Chapter7 or #Chapter13 case, one must "declare Chapter 7 or Chapter 13 bankruptcy & demonstrate that repayment would impose undue hardship on you & your dependents. This must be decided in an adversary proceeding in bankruptcy court. Your creditors

4/ may be present to challenge the request." I don't know about you, but to me this is unreasonable & requires a burden of proof that is a direct antithesis to the bankruptcy law overall (my dependents and me?). #Comeonman @SecEd_Education #SecretaryofEducation #studentaidgov

5/ In addition, one may include private student loans in a bankruptcy. It is only at the federal level that these measures are required. Please forward this tweet to relevant stakeholders and retweet it. #financialaid #finaidgov studentaid.gov/manage-loans/f…

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