Student Loan Bankrutpcy Discharge Bill Reintroduced in Senate
A Senate bill introduced Jan. 23 would allow privately issued student loans to be discharged along with other bankruptcy debt.
S. 114, the Fairness for Struggling Students Act of 2013, is sponsored by Sen. Richard Durbin (D-Ill.) and is cosponsored by Sens. Al Franken (D-Minn.), Tom Harkin (D-Iowa), Jack Reed (D-R.I.), Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.).