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That's not what the article says... It says that having payments greater or equal to your income and a long history of high payments may satisfy the "hardship" requirements.
. I quoted at the wrong age for that specific example. That one was 65.
I put "50+" because the other example was for a 47 year old.
The point is that it isn't their age and the amount in absolute numbers. It's the amount as a percentage of income and how long they have been struggling to pay off the loan that matters.
I didn't summarize the whole article because that wasn't relevant to my points.
My points were.
Fasfa contract says it can't be reduced with bankruptcy but article gave two examples of when it has been.
One due to the institution being shut down. The other from owing a high amount and being older.
Everyone involved was not wealthy. Otherwise they wouldn't have the debt in the first place. So I didn't think that was relevant to mention.
I'm not sure that two examples is enough to convince me that this is possible for more people to get this exception made for their student loan debt.
But maybe with the loss of the loan forgiveness program, people can make a stronger case for it.
Not being older but having a history of making a good faith effort to repay the loans. So they happen to be older.
Really - it's all outlined here: https://www.justice.gov/d9/pages/attachments/2022/11/17/student_loan_discharge_guidance_-_fact_sheet_0.pdf
Nowhere does it say "old" or "poor" though those conditions may coincide with other criteria.
Both of the people were older.
My impression was that they couldn't pay off that much debt at that age.
...
They were older. Because. The criteria for showing a "good faith effort" to pay. Favors people who have been paying for a period of time. But it is not a requirement to be older.
Seriously - that PDF outlines the circumstances pretty well. I don't know why you keep going back to specific examples and making up reasons for why it applied to them when the documentation tells you exactly what the criteria are.
Yes that's what I was saying.
I'm honestly not sure why you keep arguing with me because I mentioned age when that was a factor.
Not in a direct way, but yes it is a factor in the way you say.
Age would imply a few things that would help qualify for the approval. But age on its own is not a criteria.