Before the bankruptcy code was significantly altered, college students were able to discharge their educational loans, but after 1976, this came to an end. That year, Congress changed the code so that loans made by the government or a non-profit college loan could not be filed for bankruptcy during the first years of repayment. However, the biggest change came in 2005 when Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act which rendered federal or private loans ineligible for bankruptcy, a law that groups student loans with other ineligible debt such as child support and criminal fines. Lobbying certainly pays off. In fact, now you have a better chance to file for bankruptcy for gambling than with student loans.
It is disgusting that the American Federation of Teachers President Randi Weingarten is attending. The only proper role there would be to utterly excoriate the planners for having a hugely lopsided set of panels, in favor of inhumane corporate privatizing of public education, and to counter every one of the lies and distortions that will be no doubt fomented there. Abundant will be apologies for Common Core, hyper-testing, the villification of teachers and the subordinating of students into cogs for privatizers such as Bill Gates. President Weingarten, will you be villifying your co-attendees for their crimes against schools, educators and students, or will you repeat your mantra of the need to cooperate with the corporate agenda?
I Will Not Be Part of Education Nation