Case summary:Student loan debt has reached its peak with an amount of $1.2trillion outstanding amount. This sector accounts for the highest delinquency among all forms of debts. Approximately about 20 percent are in default. Governments are seeking plans to counter this problem. The U.S. Department of Education has decided to collect the debt in three ways.
To explain: The grounds for discharge of student loan under the Bankruptcy Code.
Case summary: Student loan debt has reached its peak with an amount of $1.2trillion outstanding amount. This sector accounts for the highest delinquency among all forms of debts. Approximately, about 20 percent are in default. Governments are seeking plans to counter this problem. The U.S. Department of Education has decided to collect the debt in three ways.
To explain: The argument to allow the discharge of student loan.
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Chapter 15 Solutions
Bundle: The Legal Environment Of Business: Text And Cases, 10th + Mindtap Business Law, 1 Term (6 Months) Printed Access Card
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