Thursday, July 12, 2012

Higher Learning: Studen debt

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With Congress still considering a major financial services reform bill, one of the issues being discussed is extending bankruptcy protection to some student loans. If you run up huge credit card bills buying a fancy car or an expensive sound system for your house, that debt can be erased by a bankruptcy court judge. But if you borrow money for your education and can't afford the loan repayments in a tough job market, there's no bankruptcy protection. Here to talk about the issue is Peter Kerwin from the Rhode Island Higher Education Assistance Authority.
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