Even a Reasonably Prudent Person can’t escape the long arm of student loan debt. [Salon.com]
The Consumer Financial Protection Bureau has released its Private Student Loans Report. [CFPB]
Students with tens of thousands of debt upon graduation and no job (or a poorly paying job) often ask, “Can I discharge my student loans in bankruptcy?” or “Will bankruptcy remove your student loans?” Concrete answers are elusive, but the general answer is “no.” Under certain circumstances, however, student loans can be discharged in bankruptcy if the debtor suffers from an “undue hardship.”
- Pwn (v.) Slang term derived from the verb own, as meaning to appropriate or to conquer to gain ownership. The term implies domination or humiliation of a rival.