Student Loans: The Modern-Day Debtor’s Prison (A “Certainty of Hopelessness” Standard for Discharge?!) and a Tax Glitch

By: Donald L Swanson A student loan cannot be discharged in bankruptcy, unless the loan “would impose an undue hardship on the debtor and the debtor’s dependents.” --11 U.S.C. § 523(a)(8) So, what qualifies as “undue hardship” under § 523(a)(8)? --You might think that an, “I can’t pay both rent and child care, let alone student... Continue Reading →

Propping Up a High-Price Model of Higher Education: In re Pratola

By Donald L. Swanson The U.S. Government continues to prop up a high-price model of higher education, forcing students to bear the brunt of such foolishness! News reports are filled these days with student loan crisis stories. We hear how: --"the number of Americans severely behind on payments on federal student loans reached roughly 4.6 million... Continue Reading →

The Student Loan Debt Problem: Northwestern University as “Exhibit A”

By:  Donald L. Swanson Let’s juxtapose these two quotes: “Congress must act now to defuse the student loan debt bomb.” --From Jim Haller, Opinion Contributor, The Hill, February 27, 2017. “Northwestern’s [financial aid] options make higher education  more accessible.” --From Northwestern University's (Evanston, IL) “Tuition and Aid” online page. The Northwestern quote above uses the... Continue Reading →

Student Loan Crisis: High-Priced Colleges Support Beautiful Campuses (and Other Luxuries) on the Backs of their Students

By:  Donald L. Swanson “Back when I was in school . . .” This is a tired-old phrase, usually followed by tales of hardship. The Olden Days But here’s an opposite twist:  Back when I was in college (during the 1970s), you could actually pay your way through, with little-to-no debt, by working part-time jobs... Continue Reading →

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