Student loan crisis calls for mortgage-style flexibility
For a sobering observation about student debt, it鈥檚 hard to beat this:
鈥淏ankruptcy attorneys from across the country . . . report that what they are seeing at the ground level feels too much like what they saw before the foreclosure crisis crashed onto the national scene: more consumers seeking their help with unmanageable student loan debt, and with no relief available.鈥
That line, from a February report commissioned by the National Association of Consumer Bankruptcy Attorneys, echoes a growing concern among economists.