Opinion: All Student Loans Should Be Discharged in Bankruptcy
For many of you, student loans were a necessary evil that have remained a thorn in your side for many years. If you file for bankruptcy that thorn won’t go away—but that might change in the future. In 2005, lawmakers made it difficult to discharge student loans in bankruptcy unless one was experiencing undue hardship. However, the goal of the proposed Private Student Loan Bankruptcy Fairness Act of 2010 is to reverse part of this law by allowing private student loans to be discharged. This is because private student loans don’t have as many repayment options as federal loans.
