Quick Links on Student Loan Bankruptcy Reform

There are two. (1) Reuters, “Obama to announce help on housing, student loans,” in The Raw Story Don’t bother clicking on the link. All it says is, “In Denver on Wednesday, he will announce a student loan initiative.” If I know my B. H. Obama, I predict the proposal will be underwhelming. (2) Karina Frayter, [...]

NYT Supports Private Student Loan Bankruptcy Reform, Protects Financialized Dept. of ED

After trashing for-profit universities, the New York Times editorial, “Relief for Student Debtors” adds this: It had long been the case that federally backed student loans were protected during bankruptcy proceedings. That is reasonable, since those loans were backed by taxpayer dollars and flexibly structured so that borrowers could receive deferment in tough times and [...]

Quick Link: ABA House of Delegates Passes Annual Disappointing Student Debt Resolution

In 2010, the ABA House of Delegates passed Resolution 301, which according to the ABA’s report does the following: This resolution addresses the [law school debt] problem by calling upon Congress, the Executive Branch and/or Commercial Lenders to convert private debt into federal loans, which offer more flexible repayment options; and identify federal funding to [...]

Speed Link: Law Professor Wants Taxpayers to Shovel More Money to Universities

The folks from Kratola Films, producer of Default: The Student Loan Documentary sent me this surprisingly poorly thought out piece scholarship. Jonathan Glater, “The Other Big Test: Why Congress Should Allow Students to Borrow More Through Federal Aid Programs,” the Journal of Legislation and Public Policy Glater, a visiting law professor at the recently provisionally [...]

FILM REVIEW: Default: The Student Loan Documentary

Krotala Films gave me the privilege of reviewing Default: The Student Loan Documentary. I didn’t expect blogging would lead me to film reviews. Indeed, that’s more my brother’s bailiwick. But like Marty McFly, when someone calls me chicken… While I don’t have an eye for composition (Default had an attractive color scheme and looked great [...]

Income Based Repayment Helps Law Students, Not the Tuition Bubble

Last week, I wrote: [The “ABA Economic Recovery Resources” webpage] also contains Resolution 301, a futile (but thanks for trying) request to Congress asking it to convert private student loans to public loans, increased access to loan consolidation and income-based repayment plans, and amusingly, TARP funds. And I quoted former President Carolyn Lamm’s “Law School [...]

The Links by Numbers—Bankruptcy, ROI-Based Rankings, the Tuition Bubble, and the Uniform Bar Exam

Four late summer links: (1) Leigh Anne Faugust, “Changes on the Horizon for Student Loans in Bankruptcy?” in Leesburg Bankruptcy (Law Office of Robert Weed) A lot of investors saw student loans as a sure bet because the students would not be able to get relief under any but the most extreme circumstances. Of interest [...]

A Quick Link–Student Debts and Walking Away from Law School

Here are five Labor Day goodies: (1) Ryan D. Caldwell, “The Private Student Loan Discharge?” in Omaha Bankruptcy Attorney Updates on legislation to discharge student loans in bankruptcy, The Fairness for Struggling Students Act (Senate) or 2010 Bankruptcy Fairness Act (House). (2) Walter Russell Mead, “Back to School,” in The American Interest (Online) An article [...]

Bonus Link: Student Loans Piling up

Bob Lawless, “Student Loans Now Greater Than Credit Card Debt“. One analyst calculates $605.6 billion in federal loans and $167.7 billion in private loans (total $830 billion according to the article, but that figure’s off by $56 billion so consumer debt is still higher) compared to $824 billion in revolving consumer debt.  The good news [...]

Remain in Links

Three Memorial Day morsels fresh from the grill: (1)  Rochelle Olson, “Job Market Leaves New Lawyers far from Easy Street” The Minneapolis Star Tribune notes the underemployment plights of a handful of recent law grads.  One is even fluent in multiple foreign languages, which I thought was a shoe-in qualification.  Only temp work is available [...]