Tools

Will you declare bankruptcy on your student loans?

by Michael D'Amaro

Story Created: Apr 4, 2012 at 10:31 AM CDT

Story Updated: Apr 5, 2012 at 9:11 AM CDT

Student loan debt is now ranked the highest in the US, surpassing auto loan and credit card debt. Senator Dick Durban has introduced a bill that would treat private student loans by letting those student declare bankruptcy, but would this proposed bill actually help students in the long run?

You have indicated this comment should be removed.

Close

The comment has been submitted for review. Thank you .

just wondering said on Thursday, Apr 5 at 7:13 PM

As i recall, Carter got support for expanding and enhancing the student loan program by agreeing to reform the bankruptcy laws so as to make student loans non-dischargeable. Is responsibility for one's debts that one agrees to voluntarily such a bad thing?

Add a comment

Name:

Comment: 1000 Characters Left

FOX 55/27 Illinois and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Weather

Icon
52.0 F (11.1 C)
Light Rain
Pressure : 1028.4 mb
Humidity : 89 %
Wind : East at 5.8 MPH (5 KT)
More Weather

What's on FOX Illinois Full Schedule

11:30
Paid Program
12:00
Paid Program
12:30
That '70s Show
1:00
2013 UEFA Champions League
4:00
According to Jim
Full Schedule