The American Bar Association reports that the 7th Circuit Court of Appeals, in a case previously blogged on, that of former paralegal Susan M. Krieger, was sufficient to qualify for bankruptcy discharge of her student loans. Click here for the 7th Circuit opinion.

Thank God. “Law and Economics” folks like Judge Easterbrook and Judge Posner (also see WSJ story here) are coming around to the truth about student loans and the need to be able to discharge them in the worst kinds of circumstances.

Click here for the story from the ABA or copy and paste this link: http://www.abajournal.com/news/article/7th_circuit/

The new federal agency Consumer Financial Protection Bureau wants to hear from you regarding private student loans!

Specifically, it is asking for public comments ‘in order to provide more detailed information on ways to encourage the development of more affordable loan repayment mechanisms for private student loan borrowers.”

CLICK HERE to make your comments

CLICK HERE to read the official government request:

See also: Helping borrowers find ways to stay afloat