Law Prof: Why Discharging Student Debt in Bankruptcy is Good for Lenders

more+
less-
Aug. 22 (Bloomberg Law) -- If law school graduates were able to discharge in bankruptcy court their student loans from private lenders -- something Congress has prohibited since 2005 -- it might be good for the lenders and the profession, according to Steven J. Harper, an adjunct professor at Northwestern University School of Law. Banks would be less inclined to lend to students who aren't serious about becoming lawyers, and fewer people would go to law school without thinking through their career plans, he tells Bloomberg Law's Lee See more +
Aug. 22 (Bloomberg Law) -- If law school graduates were able to discharge in bankruptcy court their student loans from private lenders -- something Congress has prohibited since 2005 -- it might be good for the lenders and the profession, according to Steven J. Harper, an adjunct professor at Northwestern University School of Law. Banks would be less inclined to lend to students who aren't serious about becoming lawyers, and fewer people would go to law school without thinking through their career plans, he tells Bloomberg Law's Lee Pacchia. See less -

Embed Video

Copy

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Bloomberg Law | Attorney Advertising

CONNECT

Bloomberg Law® has revolutionized the legal research industry by providing the first system that... View Profile »


Follow Bloomberg Law:

Reporters on Deadline

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×