The platform of the 2020 Democratic National Convention says this: Democrats will restore the prior standard in bankruptcy law to allow borrowers with student loans to be able to discharge their debts in bankruptcy as a measure of last resort.
What’s that “prior standard?” That probably means a bankruptcy discharge cam student loans that have been in payment status for several years. (The required payment status was five years beginning 1976; increased to seven years in 1990.)
And I hope it means that private student loans are just regular debt. Bankruptcy filed any time should discharge those. (That was the law on private student loans until 2005.)
So, if the Democrats have their way, if you are out of school, with no deferments, for seven years (maybe only five), then you can file bankruptcy to discharge your student loans.