Student loan debt has been in the news recently and is apparently the source of a lot of the nation’s debt crisis. According to an article with Times Union, there is efforts to reduce the interest on student loans to a fixed 4%.
I can’t remember what my percentage is, but this article made me wonder something….
Should bankruptcy wipe out student loans?
I have mixed feelings about this and wanted to ask what people thought. I may have a post to follow in the next few days with some ideas on how to decrease student loans in other ways.
But first –
Should we be able to wipe out student loans if we file bankruptcy? Would that help or hurt?