No Recourse: Putting an End to Bankruptcy’s Student Loan Exception

TR Number
Date
2015-11-24
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Demos
Abstract

In the past two decades, we have gone from a system of financing higher education primarily through public investment, grant aid, and modest family savings, to one in which the majority of graduates take on debt. While a college degree is one of the surest methods of gaining a foothold in the middle class, this reliance on debt has meant that a growing number of students struggle to pay it off—particularly in a still-uncertain economy. In this context, the report points out how student loans are treated differently than almost every other form of debt incurred by American households.

Description
Keywords
education, higher--United States--finance, student loans, college affordability
Citation