Student loans which are over 15 years old and which cannot be paid based on income from the past 3 years- should be more easily discharged in bankruptcy. Currently, one can only discharge student loans in bankruptcy if they are disabled or can show a similar hardship - so, most loans are never dischargeable and the servicing companies know it and refuse to work with the borrower to modify the payment terms, especially if the loans are not federally funded. A new bankruptcy law would give incentive for companies which are not federally funded - such as Sallie Mae - to modify the payment terms because if they don't, the borrower can discharge the debt in bankruptcy.
WE CAN'T WAIT!