Student Loan Bankruptcy Reform

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Virtually everyone agrees the status quo of higher education in the U.S. is unsustainable. Tuition has skyrocketed, causing students to take on loans they can’t pay back after graduation because they can’t find jobs. While politicians haggle over whether to raise interest rates, the student loan bubble begins to look more and more like the gestation period of the sub-prime mortgage crisis that impacted the entire world. Something clearly has to be done.

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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.

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