Senators aim to make private student loans dischargeable in bankruptcy
Senators aim to make private student loans dischargeable in bankruptcy
Article provided by Charles R. Nettles, Attorney at Law
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Although student loan debt is a growing burden for many in America, since 2005 it is almost always ineligible for discharge in personal bankruptcy. A group of U.S. senators has re-introduced legislation that would make private student loan debt dischargeable, though, aiming to help people emerge from bankruptcy with a fresh financial start and to make money available for other investments that would ...