Oct
14
2011

Bankruptcy Law Change Could Help Consumers Recover: Experts

Bankruptcy Law Change Could Help Consumers Recover: Experts
As Americans struggle to pay off underwater mortgages and student loan debt, some experts say simple changes to bankruptcy law could provide many with financial relief and potentially help the economy.These experts say Congress should amend the Bankruptcy Code to allow people burdened by underwater mortgages and student loans to discharge their debts in bankruptcy, which is extremely difficult to ...
Oct
12
2011

Letters: Time to write off college loans?

Letters: Time to write off college loans?
Hundreds of protesters, emboldened by the growing national Occupy Wall Street movement, streamed through midtown Manhattan on Tuesday in what they called a "Millionaires March." (Oct. 11)Regarding letter of Oct. 10 about student loans, I think the writer misses the point ["Wall Street and protesters' messages"]. It's not that college graduates don't want to repay their loans, it's t...
Oct
12
2011

Occupy Wall Street Protesters Demand Student Loan Relief

Occupy Wall Street Protesters Demand Student Loan Relief
It may be hard to pin down exactly what the Occupy Wall Street protesters want, but one of the sources of their frustration seems clear. Many of the demonstrators are drowning in student debt.Rose Swidden came to Zuccotti Park in Lower Manhattan from upstate New York, where she is studying agriculture at SUNY Cobleskill. She expects to graduate in May with $35,000 in debt, and doesn't kn...
Oct
12
2011

Student-Loan Debt Among Top Occupy Wall Street Concerns

Student-Loan Debt Among Top Occupy Wall Street Concerns
Student-loan debt has continued to grow despite a financial crisis that constrained credit elsewhere, and the increasing burden amid high unemployment is driving at least part of the protests among the Occupy Wall Street movement.Last year, Americans began to owe more on their student loans then their credit cards, with student debt reaching the $1 trillion mark. Many have floc...
Oct
10
2011

Erase student loans?

Erase student loans?
College students graduate with thousands of dollars in student loans. So, what would happen if we just eliminated that debt?Justin Wolfers (bpp.wharton.upenn.edu)KAI RYSSDAL: Whatever degree you have on your resume -- associate, bachelor's or more -- they have one thing in common: They don't come cheap.Student loan debt in this country now exceeds the amount we collectively owe on all our cre...