The legislative history of the 1978 Bankruptcy Reform Act, the law that added a student loan provision to the Bankruptcy Code, is full of comments by members of Congress concerned with the damaging effects of continuing to
allow educational debt to be discharged.
Not exact matches
This perspective unmistakably reveals the unwholesomeness, not to put it more strongly, of our way of life: our obsession with sex, violence, and the pornography of «making it;» our addictive dependence on drugs, «entertainment,» and the evening news; our impatience with anything that limits our sovereign freedom of choice, especially with the constraints of marital and familial ties; our preference for «nonbinding commitments;» our third - rate
educational system; our third - rate morality; our refusal to draw a distinction between right and wrong, lest we «impose» their morality on us; our reluctance to judge or be judged; our indifference to the needs of future generations, as evidence by our willingness to saddle them with a huge national
debt, an overgrown arsenal of destruction, and a deteriorating environment; our unsated assumption, which underlies so much of the propaganda for unlimited abortion, that only those children born for success ought to be
allowed to be born at all.
That and our «third - rate
educational system, our third - rate morality, our refusal to draw a distinction between right and wrong lest we «impose» our morality on others and thus invite others to «impose» their morality onus, our reluctance to judge or be judged, our indifference to the needs of future generations as evidenced by our willingness to saddle them with a huge national
debt, an overgrown arsenal of destruction, and a deteriorating environment; our inhospitable attitude to the newcomers born in our midst, our unstated assumption which underlies so much of the propaganda for unlimited abortion that only those children born for success ought to be
allowed to be born at all.»
Changing the bankruptcy laws to
allow for discharge of student loan
debts would do far more to solve the problem of predatory
educational lending than any initiative Richard Cordray can conceive.
For instance, if you are currently delinquent or in collections on your
educational debts, your lender might
allow you to make
educational loan payments with a credit card.
This mechanism
allows students affected by a closed
educational institution to cancel their
debt and clear adverse effects of the loan with the credit bureaus.
Basically, signing up with My Education Solutions
allows you to filter your information through all seventeen government programs that are meant to help those with bad
debt problems from
educational loans.
When used properly, this program
allows Soldiers to greatly reduce
educational debts.