“our corrupt Congress made it impossible for students to walk away from education loans”
Are you kidding? Walking away from student debt is about as hard as avoiding jury duty. Everyone does it. What the feds did was make it easier for students to get into debt. For that millions of lazy bums owe them ire. Not that they notice it, as they still vote for Obama.
And under (a), you will receive a 1099 for forgiveness of debt, and then the IRS will pursue you for the taxes.
I walked away from my student debt. They caught up with me. I’m slowly repaying.