Another bill has been introduced that would allow student loan debt to be discharged in bankruptcy under certain circumstances. Debtors who were driven into bankruptcy by medical debt or lost income due to the medical problems of a relative would be eligible for student loan debt forgiveness under a new bill that has very little …
Medical debtors’ student loans the subject of new Senate bill Read More »
Senator Tom Harkin has proposed a bill to make private student loans dischargeable in bankruptcy and to automatically enroll people who owe student loans in income-based repayment. Harkin’s bill, called the Higher Education Affordability Act, contains many other proposals that are less helpful to people who owe student loans now or who will in the future. As …
Private student loan discharge in bankruptcy proposed in new bill Read More »
Sen. Elizabeth Warren, a champion of consumer rights, has introduced a new bill that, if passed into law, would allow people to refinance Federal or private student loan debt, similar to the way people can refinance mortgages or car loans. Refinancing student loans would help if interest rates on student loans drop. …
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