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Blood from a Turnip: Overburdened Student Loan Debtors Should Have Access to The Bankruptcy Courts


by Richard Fossey October 22, 2008

People make financial mistakes every day. The bankruptcy courts were created to give such people a fresh start. If the financial titans of Wall Street who wrecked the national economy face personal financial ruin, they can file for bankruptcy and get a fresh start. Meanwhile, Congress has made it almost impossible for student-loan debtors to clear their debts in the bankruptcy courts. It is hard to understand why investment bankers are entitled to discharge their debts in bankruptcy while thousands of overburdened student-loan debtors are not entitled to the same opportunity.


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Cite This Article as: Teachers College Record, Date Published: October 22, 2008
http://www.tcrecord.org ID Number: 15424, Date Accessed: 11/1/2014 7:05:33 AM

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About the Author
  • Richard Fossey
    University of North Texas
    E-mail Author
    RICHARD FOSSEY is a Professor and Senior Policy Researcher at the Center for the Study of Education Reform at the University of North Texas.
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