A new study shows US student loan borrowers are far more successful in bankruptcy than widely believed, with an 87% discharge success rate. Updated federal guidelines introduced in 2022 have simplified the process, improving outcomes significantly. Despite this, most borrowers do not pursue relief due to persistent myths about non-dischargeability. With rising defaults, large balances and renewed wage garnishment, bankruptcy is increasingly becoming a viable option for distressed borrowers across the country today nationwide pressures.