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16423014? ago

Is it true that Obama abolished the ability to write off student debt?

16423417? ago

Is it true that Obama abolished the ability to write off student debt?

No. Starting in the 1970s, a number of changes were made to bankruptcy law in the U.S. that made it more and more difficult to get student loan debt discharged in bankruptcy. This culminated in the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, which makes it impossible to discharge any kind of student loan (public or private) in bankruptcy, except for cases of "undue hardship." Basically total disability and inability to earn any kind of income.

Obama was a U.S. senator at the time. He voted Nay, but the bill passed the House and Senate with large majorities and was signed into law by George W. Bush.

https://en.wikipedia.org/wiki/Bankruptcy_Abuse_Prevention_and_Consumer_Protection_Act

https://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=109&session=1&vote=00044#position

16442124? ago

Thank you based fact-checker.