The Student Loan Crisis and Bankruptcy

The Student Loan Crisis and Bankruptcy

The usa is exclusive when you look at the global globe in the manner we handle bankruptcies. We head to lengths that are great keep both borrowers and loan providers truthful. One of many flaws within our bankruptcy system is the fact that bankruptcy can simply discharge education loan financial obligation in really acute cases. In general, in case a loan provider knows that they’ve somebody regarding the hook, they’ll usually use that leverage to provide money that is too much usually at varying amounts of interest. […]