Student Loans and Bankruptcy: It’s Not About Morality

“Student loans are not like other forms of consumer debts-they are a direct result of public policy…For the borrower, we acknowledge the different nature of the debt by making it nondischargeable in bankruptcy, meaning that he or she has a higher “moral” obligtation to repay the debt over other consumer debts.”—Paul Combe, President of American … Continue reading Student Loans and Bankruptcy: It’s Not About Morality