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Tag Archives: Stafford loans

Proposed Legislation to Deal with the Growing Problem of Student Loan Debt

A Senate judiciary subcommittee is looking into the nation’s growing student loan debt problem. Government data revealed that there was a 15 percent loan default rate at private institutions in 2009. Senate Majority Whip Richard J. Durbin convened the judiciary subcommittee and sponsored legislation to allow individuals to discharge private student loan debts through bankruptcy…. Read More »