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Residency i am going to basically be and $50,000 more data. president biden s student loan relief efforts have led to the largest drop in the nation s education to balance into decades. but with the biden administration s debt cancellation, the plan is currently tied up at the supreme court. meaning, millions of americans financial lives are still on hold. the, sunday msnbc films presents loan wolf s, a new feature documentary that follows journalists blake s f as he travels the country to uncover the effects of student loan debt. a very related will topic. so, joining me now to talk about this, is blake s up, the director of let s jump in. here one of the central theses every documentary is that many americans do not realize student debt generally cannot be discharged in bankruptcy and don t understand how crushing student debts can actually be. how did that even come to be the case? first of, thanks for having me, is in clay. ....
This is a really really unknown but super important thing that is a case which is that almost any deaths in america you can discharge through bankruptcy. we have seen president trump offer bankruptcy many times. it s how you and i can go to vegas and can go gambling and lose tunneling dollars, and we can just disrupt charged through bankruptcy. but student loans, federal student loans can virtually not be discharged bankruptcy. only in very very rare cases. and this happened in 1980. eight there were two lines that were kind of snuck into this very big 300-page bill. when we talk to people on the move. we talk to senator dick durbin. and in congress at the time, didn t even realize that this was in the bill that they voted. for this thing passed unanimously, 96 to, nothing people don t realize they voted for it and now here we are two decades later and its cause a lot of problems. to that end, american borrowers hold nearly 1.6 trillion dollars, chilean with the tee, in student debt. n ....
The u.s.. for someone to play a little bit of a conversation that you had with some senators. and that direction on the other side. so, senator durbin had this bill that would first deprivations unable to get to where that dot bankruptcy. and senator cornyn holly just joined inside that they would be for that, so that has a bipartisan . it is something i would look. at it wasn t until it was all over, you look back and said oh my god, two lines in the bill change the lives of millions of americans. you are the person who has been pushing for a solution to this. you have a bill that would essentially reverse this. yes. does this bill have a chance at actually getting past? first thing is first, committees. the bill has to go through the committee. so with that, do you our elected leaders appreciate the real life impact these loans are having an everyday americans lives, and are they moving with enough urgency to help them. what do you think they similar conversations y ....