Proposed Legislation Allows Discharge of Private Student Loans in Bankruptcy
Democratic lawmakers in both chambers of Congress have proposed legislation that would make private student loans eligible for discharge under U.S. bankruptcy laws. Sens. Richard Durbin of Illinois, Sheldon Whitehouse of Rhode Island, and Al Franken of Minnesota introduced the Fairness for Struggling Students Act (S. 3219) in the U.S. Senate on April 15, the same day that Reps. Steve … Read more