Should Students Be Able To Discharge Student Loan Debt Through Bankruptcy?
Many Americans turn to bankruptcy as a means of debt relief. In fact, it has become quite common as 1 out of 70 households in the United States files for bankruptcy. In July of 2013 alone, there were a whopping 87,684 bankruptcies filed according the Bankruptcy Institute. Similarly, according to the American Journal of Medicine, nearly 62% of bankruptcy filings in the United States are due illness, and as a result, medical related expenses and bills.
Unfortunately, not all debt can be discharged through bankruptcy. Student loan debt cannot be discharged by bankruptcy, and continues to burden thousands of college graduates, many of whom are struggling to find high-paying jobs during this economic recession. However, many graduates may soon be typing "how to find a bankruptcy lawyer" into...