Bloomberg Law
June 1, 2018, 6:05 PM UTC

Comments on US Student Loan Query Decry Debt as Load Tops $1.5 T

Diane Davis
Bloomberg Industry Group

• Education Department considers modifying how undue hardship claims evaluated • Period for public comments, which ends May 22, illustrates how heavy debt loads impacting lives

The Trump administration’s call for public comment on how to evaluate student loan hardship claims in bankruptcy has received a strong response just as thegovernmentis reporting total student debt outstanding has topped $1.5 trillion for the first time.

The government web portal,Regulations.gov, shows 347 posted comments ahead of the May 22 closing date.

Disillusionment with the student loan system and how it can negatively impact the American dream of going to ...

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