Tuesday, June 7, 2011

Bye Bye Student Loans?

On May 26th, Sen. Durbin (D-IL) introduced S.1102 a bill to amend Title
11 with respect to certain exemptions to discharge in bankruptcy.

The bill is Durbin's previously introduced, in other Congresses, student loan in discharge bill.

According to Durbin's statement, the bill restores fairness in student lending by treating privately issued student loans in bankruptcy the
same as other types of private debt.

U.S. Senators Durbin was joined in the Senate by Sens. Whitehouse (D-RI) and Franken
(D-MN) with a companion measure (HR 2028) in the House sponsored by Reps. Cohen (D-TN), Davis (D-IL), Miller (D-CA) and Conyers (D-MI).