Senate bill would let students discharge loans in bankruptcy

"Since 2005, student borrowers have been unable to discharge their private student loans through the process of bankruptcy. But that could soon change after a group of [13] senators introduced a bill aimed at addressing the current student debt crisis by restoring the bankruptcy code to hold private student loans in the same regard as other private unsecured debts," the Consumerist explains.

The bill is here.

The summary prepared by the Senate sponsors is here.

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