Where as private student loans exist separately from federal student loans.
Where as these loans do not have the same protections from interest rate hikes and repayment plans as federal loans.
Where as the undue hardship test represents a near impossible burden for bankruptcy petitioners to meet.
Where as this debt leaves students with a lifetime obligation that they cannot meet.
Where as the outstanding debt is measured in the billions of dollars and represents a threat to the economic system.
Therefore, be it resolved that the undue hardship test is stricken from the bankruptcy code in relation to private student loans.