Taking Out Student Loans For a Better FutureLoe’s story is similar to that of many Americans: She took out federal student loans in hopes of gaining the knowledge and resources to build a successful career. Loe was in and out of school for years due to her illness, first taking out federal student loans in 1997 to finish her undergraduate degree. Deciding to File for BankruptcyLoe’s student loans weren’t enough to cover her living expenses while in graduate school. A recent bipartisan proposal, The Fresh Start Through Bankruptcy Act, would allow student loan borrowers to discharge federal student loans after a 10-year waiting period. Regardless of what people think about Loe’s case,she no longer has nearly $350,000 worth of student loan debt that had been haunting her for decades.

Source: Forbes September 28, 2021 11:03 UTC