How A Private Company Stacked The Deck Against Student Loan Debtors

"...One elegant approach to the problem would be to roll back some of ECMC’s successes at making bankruptcy court inhospitable for struggling student debtors. By making student debt dischargable in bankruptcy and tying student loan access to school performance metrics, Center for American Progress experts Joe Valenti and David Bergeron argue, Congress could both reduce the harmful effects of the current debt overhang and improve the future outlook of the student loan system..."

Bankruptcy judges used to have leeway when dealing with student loan borrowers. Then a company spent two decades changing ... Read more