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The AP on Student Loan Hell

The Associated Press takes a good look at how a 2005 law traps borrowers in private student loans—upending the whole point of the bankruptcy code. Back in 2005, President Bush signed the misleadingly named Bankruptcy Abuse Prevention and Consumer Protection Act, a giant giveaway to the banking industry that included a provision making it nearly impossible to discharge private...
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I Filed My Own Bankruptcy. My Private Student Loans Were Not Discharged.

Business & Finance : Huffington Post: Business Blog (last year)

Huffington Post Reader Question Dear Steve, I filed bankruptcy in Colorado in in 2010. Student Loans Finance corporation is still harassing me to pay back a private loan. The federal portion of the loan was paid back. They are sayin... Read Post

3 Cheers for the New Student Lending Law

Business & Finance : Business: The Atlantic (5 years ago)

Today President Obama will sign an overhaul of the student loan industry. For decades, the federal government has supported student lenders by backing loans originated by private banks. Today we take back the bank subsidy and use it... Read Post

Private colleges are a waste of money for white, middle class kids

Business & Finance : Ezra Klein (2 days ago)

Many parents whose kids have their eye on an exclusive, private college face a difficult question: Is it worth unloading your life's savings or having your child take on tens of thousands of dollars in student loans? The average fou... Read Post


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