Currently, Private Student Loan Lenders don the guise of "non-profit entity" to gain bankruptcy protection equivalent to Federal Student Loans -- despite the fact that these Private Lenders offer little of the repayment options, refinancing possibilities, and commonly enjoy higher interest rates compared to Federal Student Loans. Either these guys need to either act like a non-profit or get treated like all the other kinds of debt.
It is a thinly veiled farce that is darkening the future of a generation already suffer the post-graduate economy of the Great Recession and government austerity/cuts.
Support H.R. 532 and S.114! Write your congressmen and be active! Visit http://studentloanjustice.org/