An Illinois lawmaker is asking Congress for additional help when it comes to student loan debt.
Unlike most other types of debt, student loans are not dischargeable in bankruptcy — except in rare cases.SUBSCRIBE TO FOX 32 ON YOUTUBE
"We’re not going to allow [students] to discharge it in bankruptcy — It ultimately means that for those who borrowed money to go to school and college when they were 19 or 20 years old, they would have a debt that they had to pay back or carry to the grave," said Durbin. The Fresh Start Legislation would restore the ability for struggling borrowers to seek a bankruptcy discharge for federal student loans after waiting a period of ten years.that I have read and agree
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