student loans bankruptable

A new law to make private student loans eligible for discharge in a bankruptcy is being debated by the U.S. Congress. It is stands right now, no student loans -- neither federal nor private -- can be discharged in a bankruptcy. Unlike home loans, car loans and credit card debt, so-called "education loans" are exempt from bankruptcy laws. But private student loans, which … [Read more...] about Congress Debating Student Loan Bankruptcy Law