Government & Global Trade Practice Client Alert: Proposed Federal Legislation Would Make Private Student Loans Dischargeable in Bankruptcy
12 June 2007
Mayer Brown Newsletter
11 June 2007 - On June 7, US Senator Dick Durbin (D-IL) introduced legislation to make private student loans dischargeable in bankruptcy. There is significant likelihood that this bill could be approved by the Senate, perhaps as an amendment to the Higher Education Act Reauthorization (HEA), which is scheduled to be reported by the Senate Health, Education, Labor, and Pensions (HELP) Committee on June 20, 2007.