Who Can Apply:
- Be currently enrolled in a college or university or planning to enroll as a freshman for the 2015-2016 academic year.
- Be in good academic standing with your current educational institution.
- If under 18, have the permission of your parent or guardian to apply.
Submission: In order to apply, applicants must submit an essay to [email protected] by April 17th on the following topic:
In response to perceived abuse of the bankruptcy system, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection of 2005, tightening the regulations on who may file for bankruptcy as well as limiting the types of debts that may be discharged in bankruptcy. Among the debts no longer dischargeable in bankruptcy are private student loans, which have much fewer repayment options than federal student loans. With student loan debt at record highs, many prominent lawmakers have called on Congress to restore bankruptcy protections to private student loan borrowers.
If the decision were up to you, would you repeal the 2005 bankruptcy reforms as related to private student loans? Why or why not?
Deadline: April 17, 2015
Learn More: Ronald D. Weiss Scholarship