Tuesday, March 23, 2010

Quick post on HUGE news - Court sides with debtor in student loan case

Read it NOW here!

1 comment:

Nando said...

The text of the opinion will not be published for several months, in the “sacred” U.S. Reports. But, going off this brief article, it looks like this is a small victory for students. It looks like this will benefit students who file bankruptcy – and claim their student loans – IF the lender does not object at the hearing.

That being said, I am very happy for Francisco Espinosa. Presumably, he went to school in the 1980s, when student loans were dischargeable – and when tuition was MUCH more affordable. The real test will be when a recent college graduate goes to court, as student debt is no longer dischargeable in bankruptcy.

Nando - author of "Third Tier Reality"