How Qualified Student Loans Could Protect Borrowers and Taxpayers

by Sabrina I. Pacifici on August 20, 2013

How Qualified Student Loans Could Protect Borrowers and Taxpayers. Joe Valenti and David A. Bergeron | August 20, 2013.

“Over the past few decades, student-loan debt has grown dramatically and now exceeds $1 trillion, including more than $150 billion in private student loans. Since the late 1970s, however, Congress has gradually made it increasingly difficult to discharge student debts in bankruptcy. Only a small number of bankruptcy cases involving student debt succeed due to a rigorous “undue hardship” provision of the bankruptcy code that generally allows these discharges only under the most extremely dire circumstances.”

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