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submitted 7 hours ago by cm0002@piefed.world to c/usa@midwest.social

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[–] marsza@lemmy.cafe 5 points 4 hours ago

1976 – Congress first restricted bankruptcy discharge for federal student loans.
- Loans couldn’t be discharged during the first 5 years of repayment unless the borrower could prove “undue hardship.”
- Passed during President Gerald Ford’s term (Republican).
1990 – The waiting period was extended from 5 years to 7 years.
- Signed by President George H. W. Bush (Republican).
1998 – The 7-year rule was removed entirely for federal loans, meaning they could only be discharged under “undue hardship” no matter how old the loan was.
- Signed by President Bill Clinton (Democrat).
2005 – Private student loans were also made non-dischargeable in most cases (same “undue hardship” rule).
- Part of the Bankruptcy Abuse Prevention and Consumer Protection Act, signed by President George W. Bush (Republican).

Sounds like “all of them”