OBAMA ADMINISTRATION URGES NO BANKRUPTCY RELIEF FOR STUDENT DEBT | WHAT REALLY HAPPENED

OBAMA ADMINISTRATION URGES NO BANKRUPTCY RELIEF FOR STUDENT DEBT

The Obama administration moved to block a bankruptcy court from erasing federal student loan debt, saying such an allowance would jeopardize the fiscal stability of the loan program. U.S. Department of Education attorneys, intervening in the case of a 65-year-old man seeking to erase his student loans in bankruptcy, filed a motion urging the court to stand firm with borrowers who claim they are in a dire financial situation. Attorneys argued that Robert Murphy of Massachusetts, unemployed and of retirement age, has plenty of chances to go back to work or hit the jackpot.
Share |

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA