WASHINGTON U.S. Rep. John Katko has joined with some ideological foes Elizabeth Warren and Jerrold Nadler to help some of the 44 million Americans trying to repay $1.5 trillion in student loan debt.
The Democrats and Katko, R-Camillus, introduced a bill Thursday that would give borrowers who declare bankruptcy the option of having their student loan debt forgiven.
Student loan debt is among the few exceptions in the U.S. bankruptcy code along with overdue taxes, alimony, child support and criminal fines that dont qualify for debt relief.
The legislation introduced Thursday in the House and Senate would eliminate the section of the bankruptcy code that makes private and federal student loans non-dischargeable.
Katko authored a similar…
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