Megan McArdle’s recent article, “Don’t Count on Settling Those Student Loans” includes some helpful advice for student loan borrowers. She is right on that it is very difficult to settle student loans. Unfortunately she does not stop there. McArdle goes on to perpe
We wrote a report in 2009 about the lack of relief for financially distressed private student loan borrowers. Unfortunately, we have seen little progress in the past few years and in some cases, the situation is even worse for borrowers. We often try to negotiate with private studen
It is almost the end of yet another year, a very important year in the student loan world. During this December time of reflection, we include below noteworthy articles and blogs from 2010. This is not an exhaustive list by any means and we will include some additional selections in
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 the legislation. Student loan bo
On September 23, the U.S. House of Representatives Judiciary Committee, Subcommittee on Commerical and Administrative Law held a hearing on discharging educational debt in bankruptcy. Brett Weiss delivered testimony on behalf of the National Association of Consumer Bankruptcy Attorney
Please understand that we do not provide legal advice about individual cases. This web site includes links to other resources for those who seek individualized legal advice or other help not offered here. This site is for people who already have student loans and want to know more about their options and rights.