• To the , Associate. Steve Cohen put the private Student loan Case of bankruptcy Fairness Operate out-of 2011 (H.Roentgen. 2028) and you may Sen. Cock Durbin put the latest Fairness getting Troubled College students Operate (S. 1102). Both expenses create repeal new exception to discharge to have individual college student money. Our house type carry out keep a different to have financing applications to have and therefore considerably all fund are offered by a great nonprofit business, since Senate version do repeal brand new exclusion to release to have every private figuratively speaking, no matter whether the funds have been made by the a towards-cash otherwise low-earnings company. One another expenses do uphold the brand new exemption to release for government and you may state education loan apps.
• With the , associated costs were launched in the us Senate and All of us Family off Agencies. Senators Manhood Durbin (D-IL), Sheldon Whitehouse (D-RI) and you may Al Franken (D-MN) introduced the newest Equity to have Troubled Students Operate (S.3219) in america Senate and you will Congressmen Steve Cohen (D-TN) and you can Danny Davis (D-IL) lead the personal Student loan Bankruptcy Equity Operate regarding 2010 (H.Roentgen. 5043) in america Household out of Agencies. (more…)