Borrowers with Private Student Loans Blocked from Bankruptcy Relief
On September 23, the House Judiciary Committee’s Subcommittee on Commercial and Administrative Law held the first ever hearing on private student loans and bankruptcy. Lauren Asher testified as an invited witness, arguing that private student loans should be treated like other consumer debt in bankruptcy, especially given recent revelations about private student loan borrowing, the lack of basic consumer protections, and other concerns about these risky and expensive loans.
