Elizabeth Warren wants more student loan borrowers to know bankruptcy is easier now

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Senator Elizabeth Warren wants the U.S. Department of Justice to do more to educate student loan borrowers about the new, easier path to filing for bankruptcy.

Senator Elizabeth Warren, D-Mass., wants the U.S. Department of Justice to do more to educate student loan borrowers about the new, easier path to filing for bankruptcy.

, a"significant increase" from recent years, it reported last year. The administration said that the majority of those borrowers received full or partial discharges of their education debt. "DOJ and ED must work harder to encourage borrowers to seek relief — and deliver on that relief when requested," they added.Malissa Giles, a consumer bankruptcy lawyer in Virginia, agreed that the government needed to better inform borrowers and lawyers about the new process.

 

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