Term: ncpw
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Do We Need to Change Bankruptcy Rules for Student Loans?

By Steven Shaw on 3/8/2013

Do We Need to Change Bankruptcy Rules for Student Loans?

This is the fourth article in a series devoted to consumer issues for National Consumer Protection Week March 3-8.

Ever since the Guaranteed Student Loan Program was established under the Higher Education Act of 1965 — offering government-guaranteed loans to students — an ongoing debate has ensued over whether a student loan borrower should have the same option of discharging the debt in bankruptcy as consumers facing default on other types of debt.

managing debt
Bankruptcy
ncpw
student loans
students