Bloomberg Originals
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Why It's So Hard to Get Rid of Student Debt
Posted
November 3, 2015
Views
57,129
Likes
573
Comments
304
Engagement
1.54%
November 3, 2015
57,129
573
304
1.54%
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14:41Now PlayingStudent debt is the grim reaper of consumer finance: it will follow you until you die. Unlike every other form of debt, education loans can almost never go away in bankruptcy. Two cases that could make the process more lenient for borrowers are wending their way through the court system right now. In both cases, lawyers for the Education Department have been forceful about the need to keep the strictest standard on the books. Natalie Kitroeff and Francesca Levy have a long, but fun conversation about what could change for 41 million americans with student loans.
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