Opinion: Why private student loans shouldn't be discharged

12/26/2012 | U.S. News & World Report

Amending the bankruptcy code to allow discharge of private student loans in bankruptcy, as some lawmakers want to do, is not a wise policy decision, writes John Hupalo, CEO of Invite Education. Struggling young borrowers might seek bankruptcy without appreciating its long-term consequences, he writes, and interest rates would likely rise as lenders seek to cover their costs.

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