This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.

make private student loans bankruptable. The high interest rates of these loans make it impossible to have a life.

Created by N.R. on November 25, 2013

Private student loans should be bankruptable. The interest rate on these loans are astronomical. One can not achieve the goals that were expected after graduation. One can not contribute to economic growth because of the loan payments. The understanding is that this issue has been discussed on the Hill but no further action has been taken. People are drowning from this situation with no way out. The banks were bailed out. Students need that same opportunity of a bail out through private student loan bankruptcy. If some kind of relief for this debt is not available soon, the future of the middle class looks dour.

Economy & Jobs
Education
Return to top