The recommendations from the American Bankruptcy Institute’s Commission on Consumer Bankruptcy are aimed in part at addressing issues that have made it more challenging for debtors to file bankruptcy. The 274-page report, released Wednesday, touched on issues including attorney costs, rainy day funds for debtors with unexpected expenses and the disproportionate number of African-American consumers in a certain type of bankruptcy proceeding.
In a speech last year arguing that higher education faces a crisis in the U.S., Education Secretary Betsy DeVos pointed to eye-popping numbers from the federal student loan program.
Only a quarter of borrowers are making progress paying down their loans, she said, while 20 percent are either delinquent or in default. More than a million borrowers default on their student loans each year, and recent research has suggested the problem is growing worse.
How The $1.2 Trillion College Debt Crisis Is Crippling Students and will they be written off like the mortgage crisis?
Banks prepare...for restructuring.
The bias in a Student anti-bankruptcy movement.
Do the signatures match?
Are banks at fault just like the mortgage refinance issues?
The Students right to bankruptcy.
In a speech last year arguing that higher education faces a crisis in the U.S., Education Secretary Betsy DeVos pointed to eye-popping numbers from the federal student loan program.
Only a quarter of borrowers are making progress paying down their loans, she said, while 20 percent are either delinquent or in default. More than a million borrowers default on their student loans each year, and recent research has suggested the problem is growing worse.
How The $1.2 Trillion College Debt Crisis Is Crippling Students and will they be written off like the mortgage crisis?
Banks prepare...for restructuring.
The bias in a Student anti-bankruptcy movement.
Do the signatures match?
Are banks at fault just like the mortgage refinance issues?
The Students right to bankruptcy.
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