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The Indentured Generation: Bankruptcy And Student Loan Debt, Daniel A. Austin
The Indentured Generation: Bankruptcy And Student Loan Debt, Daniel A. Austin
Daniel A. Austin
A generation of Americans has borrowed heavily for their education, and hundreds of thousands of them are deeply in debt. Some 37 million Americans owe a total of approximately $1 trillion dollars in student loans. They constitute an Indentured Generation as many of them will be burdened with student loan debt for much of their lives. With one of the worst job markets in decades, members of the Indentured Generation who are in particularly dire circumstances will turn to bankruptcy for a “fresh start.” But most student loan debtors will not get relief through bankruptcy. This is because the Bankruptcy …
The Indentured Generation: Bankruptcy And Student Loan Debt, Daniel Austin
The Indentured Generation: Bankruptcy And Student Loan Debt, Daniel Austin
Daniel A. Austin
THE INDENTURED GENERATION:
BANKRUPTCY AND STUDENT LOAN DEBT
By Daniel A. Austin
Associate Professor, Northeastern University School of Law
A generation of Americans has borrowed heavily for their education, and hundreds of thousands of them are deeply in debt. Some 37 million Americans owe a total of approximately $1 trillion dollars in student loans. They constitute an Indentured Generation as many of them will be burdened with student loan debt for much of their lives. With one of the worst job markets in decades, members of the Indentured Generation who are in particularly dire circumstances will turn to bankruptcy for …