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Monthly Archives: May 2010
The Department of Education and Financially Distressed Student Loan Borrowers: A lot of Talk, Not much Action
We have tried for years to persuade the Department of Education to improve policies and programs for financially distressed student loan borrowers. We hoped the new Administration would act quickly to resolve festering problems. So far, unfortunately, the current Administration has … Continue reading
Tagged Collection, Disability, IBR
New Legislation on Student Loans and Bankruptcy
In April 2010, separate bills were introduced in the U.S. House and Senate to restore bankruptcy dischargeability of most private student loans. The House Judiciary Committee held a hearing on H.R. 5043. Deanne Loonin of NCLC testified in support of … Continue reading
Tagged Bankruptcy, Private student loans
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