June 22, 2007
Congress Again Weighs Bankruptcy Protection for College Debtors
Congress may again study the question of whether students who cannot repay their college loans can win bankruptcy protection.
And this time, the banks may put up less of a fight.
The last time Congress revised the federal bankruptcy code, in 2005, it changed the law so students cannot get out from under their obligations to repay "private" loans — that is, loans from sources other than the federally guaranteed student loan program — except in rare
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