281
submitted 11 months ago by MicroWave@lemmy.world to c/news@lemmy.world

Life led Elizabeth Hadzic and Kim Coles to bankruptcy court.

Hadzic, 50, a psychotherapist in Maryland, doesn’t make enough to support herself and her adult son, whose health struggles set her back thousands of dollars. Coles, an accountant in Oregon in her late 60s, was laid off last year.

Both have tens of thousands of dollars in student loan debt. Although they have been making payments on those loans for years, they no longer can. And both, in the absence of an alternative, have resorted to taking the costly, typically unsuccessful route of trying to get their loans discharged in bankruptcy court.

That’s where things diverge.

For Hadzic, bankruptcy is proving to be the answer to her financial woes. After months of litigation, she’s on track for a full discharge. In Coles’ case, the government is putting up a fight − though she is of retirement age − against discharging the balance of a loan she’s been paying down for more than a decade.

“I always paid my student loans,” Coles said in an interview. “I was never late.”

The disparity in how the government is treating their cases is indicative of the intractability of one of the country’s most extreme and inaccessible forms of student debt relief, as the Biden administration grapples with finding alternatives to the kind of sweeping student loan forgiveness option that the Supreme Court struck down in June.

you are viewing a single comment's thread
view the rest of the comments
[-] GBU_28@lemm.ee 1 points 11 months ago

If the dude wants to overwrite things from the past, using his powers of the present, I say good.

Actions are worth more than words though, so time to start making changes

[-] rivermonster@lemmy.world 0 points 10 months ago

Biden definitely doesn’t want people juding him on actions.

From day one he could have done all the student debt relief via executive order. Yes it was debateable among scholars, but plenty of laywers and academics believed it consitutional.

Worst case scenario it would have spent ages in the courts, meanwhile the reprecussions from countering the executive order would have snowballed to where it would have been nearly impossible to unwind it.

Trump and Bush have showed the Dems the new norm over and over. You do what you want, worst case it spends years in court while staying in effect, THEN if you lose in court, you do the same thing but so slightly differently that the effect is the same and you start another cycle of years and years of living with it.

This was an easy and clear strategy to deal with the student loan crisis. But again, as an architect of preventing students from discharging loan debt via bankruptcy—his actions speak loud and clear (just like you said).

And I’m fine if people learn from their mistakes. But when they seek to rewrite or burry history that’s not learning from their mistakes. Nor is catastrophcially crashing in the polls and needing the younger voters so suddenly this is a priority.

this post was submitted on 26 Dec 2023
281 points (97.6% liked)

News

23376 readers
1974 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS