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Student Loan Debt – The Exception to the Bankruptcy Fresh Start

You file bankruptcy to eliminate your debt. However the “fresh start” promise of bankruptcy is often not fully realized due to the fact that student loan debt is usually not eliminated in bankruptcy. Bankruptcy will allow...more

Bankruptcy Law and Student Loans: Not a Working Relationship

Under the current system, it is all but impossible to get student loans wiped out through bankruptcy, unlike most other forms of unsecured debt such as credit card and medical bills....more

CFPB Announces Student Loan Debt Toolkit

On August 28, the CFPB announced the launch of a toolkit for use by school districts and other public service organizations in assisting employees repay student loan debt. The CFPB also asked such employers to pledge to...more

Bar President: 3Ls Should Get Paid for Internships  [Video]

June 28 (Bloomberg Law) -- John Thies, outgoing president for the Illinois State Bar Association, talks with Bloomberg Law's Lee Pacchia about his organization's report on the impact of law school debt on the delivery of...more

CFPB Issues Report, Holds Field Hearing On Student Loan Relief Policy Options

On May 8, the CFPB issued a report regarding student loan affordability and related policy issues. The report summarizes and analyzes public responses to the CFPB’s request for information and discusses policy options for...more

Law School Applications Crater [Video]

Feb. 11 (Bloomberg) -- Law school applications appear to be headed for a 30-year low. Based on applications so far for Fall 2013, experts expect there will be about 54,000 applicants -- that's about half the number that...more

Dean: There's No Oversupply of Lawyers [Video]

Jan. 4 (Bloomberg Law) -- The U.S. Bureau of Labor Statistics projects there will be 74,000 new lawyer jobs this decade, while American law schools will produce more than 400,000 graduates. Despite those numbers, "it's not...more

Are Student Loans Community Property? Dividing Debt in Divorce

Americans owe nearly $1 trillion dollars in student loan debt. As of 2010, student loans have even surpassed credit card debt, according to the Federal Reserve Bank of New York. With student loan debt being so common, many...more

Dean: There's No Oversupply of Lawyers [Video]

The U.S. Bureau of Labor Statistics projects there will be 74,000 new lawyer jobs this decade, while American law schools will produce more than 400,000 graduates. Despite those numbers, "it's not clear to me there's an...more

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