11 USC 523(a)(8)(A)(i) excepts from discharge any education loan "made under any program funded in whole or in part" by a nonprofit institution.
We ask that you strike the nonprofit institution from the language, this language was snuck in the legislation without the people's representation. These two words nonprofit institution opened the floodgates for predatory lending. Now non-for-profits can charge any interest rate they want and know that the consumer has no way of escaping the debts in the future, plus they do not offer students the same benefits as Government Loans. How can the Federal Government not allow students to declare bankruptcy when TERI (the education Resource Institute) it's self declared bankruptcy?? Why has every attempt to change this leg. is killed by the committee