Recession Imperils Loan Forgiveness Programs

Posted on August 6, 2009. Filed under: Uncategorized |

 

The New York Times reports on how several states, including Kentucky, have reneged on thier offer to forgive student loans made to school teachers:

http://www.nytimes.com/2009/05/27/your-money/student-loans/27forgive.html?_r=3&scp=2&sq=glater%20and%20kentucky&st=cse

The Lexington, Kentucky Herald Leader newspaper has also done an article on the story:

http://www.kentucky.com/181/story/711801.html

In my opinion, this move by Student Loan programs nationwide will continue to put pressure on Congress to change the bankruptcy laws to allow discharge of student loan debt.

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