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	<title>Student Debt News - Relief, Consolidation, Forgiveness, Loans, Credit Cards</title>
	<link>http://www.studentdebtnews.com</link>
	<description>College Graduates &#38; Students in Debt</description>
	<lastBuildDate>Mon, 26 Apr 2010 12:53:29 +0000</lastBuildDate>
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	<item>
		<title>Changes to Private Student Loans &amp; Bankruptcy Law</title>
		<description><![CDATA[
			
				
			
		
Legislation has been introduced to change bankruptcy law to treat private student loans like other consumer debt. On April 22, 2010 Congressman Steve Cohen chaired a hearing on the issue.  Durbin first introduced this bill in 2007. Before bankruptcy law were changed 2005 only government issues student loans were protected in bankruptcy.
Senator Durbin
News release
CBS [...]]]></description>
		<link>http://www.studentdebtnews.com/student-loans/changes-bankruptcy-law-congress-hearings/</link>
			</item>
	<item>
		<title>Student Debt Increasing Record Rates Due to Recession</title>
		<description><![CDATA[
			
				
			
		
Student loans are up about 50% since 2007 according to data from Equifax credit bureau according to Reuters. This will create negative long-term consequences for the housing and auto markets.

According to Dann Adams, president of Equifax&#8217; U.S. Consumer Information Solutions
&#8220;We&#8217;ve never seen these levels of debt for student loans&#8221;
“This generation of students will be less [...]]]></description>
		<link>http://www.studentdebtnews.com/student-loans/increasing-record-rates-due-to-recession/</link>
			</item>
	<item>
		<title>Diane Rehm Show NPR &#8211; Student Loan Overhaul 2010 Obama</title>
		<description><![CDATA[
			
				
			
		
NPR&#8217;s Diane Rehm and her guest discuss the new system of student loans sign into law by President Obama.  A must listen for anyone considering student loans or already in them.  Students and parents call in with their questions and for advice.  Listen online or download the podcast. 
Guests
Kim Clark: U.S. News [...]]]></description>
		<link>http://www.studentdebtnews.com/student-loans/overhaul-student-loans-2010-obama/</link>
			</item>
	<item>
		<title>Student Wins in Supreme Court Case over Loans</title>
		<description><![CDATA[
			
				
			
		
The U.S. Supreme Court has ruled in favor of a student in a bankruptcy case involving student loans. If a lender fails to object in a timely manner to a bankruptcy plan they cannot later seek to collect debt. 
The lender, United Student Aid Funds Inc., was notified repeatedly of the repayment plan in bankruptcy. [...]]]></description>
		<link>http://www.studentdebtnews.com/student-loans/supreme-court-rules-student-loans-bankruptcy/</link>
			</item>
	<item>
		<title>Connecticut might Forgive Student Debt for Green Jobs</title>
		<description><![CDATA[
			
				
			
		
Connecticut’s legislature is considering forgive as much as $2,500, or 5% of loans, for those who go to work in green technology and other industries.  Students would have to earn a bachelor’s or associates degree. Then work in CT for at least 2 years. This is an effort to increase CT’s work force in [...]]]></description>
		<link>http://www.studentdebtnews.com/debt/ct-forgive-student-debt/</link>
			</item>
	<item>
		<title>Student Loan Industry Bailout &#8211; $112 Billion</title>
		<description><![CDATA[
			
				
			
		
The Department of Education estimates it will buy $112  billion in FFEL loans from private student loan companies. Under the Federal Family Education Loan program (FFEL) the  government  assumes the risk of default, and pays the financial fees for student loans through private companies.
These private loans are also costing the government more:
The CBO [...]]]></description>
		<link>http://www.studentdebtnews.com/student-loans/student-loan-industry-bailout-112-billion/</link>
			</item>
	<item>
		<title>Obama’s Student Loan Overhaul in Trouble</title>
		<description><![CDATA[
			
				
			
		
New York Times reports student loan changes Obama is trying to get passed are endangered.
Democrats in the Senate, where the private student lending industry has  strong allies, predicted on Wednesday night that the education bill  would not be part of an expedited budget measure containing the final  revisions to the health care [...]]]></description>
		<link>http://www.studentdebtnews.com/student-loans/obama%e2%80%99s-student-loan-overhaul-endangered/</link>
			</item>
	<item>
		<title>Denied Professional License due to Student Debt</title>
		<description><![CDATA[
			
				
			
		
That’s right you can be denied a professional license for student debt.  Accreditation boards have denied licenses or renewals to lawyers, nurses and physicians.  Lynn O&#8217;Shaughnessy, of CBS Money Watch, sums it up with, “The judge’s decision made me wonder what’s next: Debtor prisons for delinquent student borrowers?” Read her full story
]]></description>
		<link>http://www.studentdebtnews.com/debt/denied-professional-licenses-due-to-student-debt/</link>
			</item>
	<item>
		<title>Spike in Defaults on Student Loans in NJ</title>
		<description><![CDATA[
			
				
			
		
Defaults on federal student loans spike over the past year for those students who left school in 2007. In one year the default rate increased by 83%. 
61,000 students started repaying federal loans in 2007 in New Jersey.  By March 11.4% had defaulted. That&#8217;s up sharply from the 6.2% from previous year. Source of [...]]]></description>
		<link>http://www.studentdebtnews.com/student-loans/spike-student-loan-defaults-nj/</link>
			</item>
	<item>
		<title>State Sued Over Student Loan Forgiveness by Dentist</title>
		<description><![CDATA[
			
				
			
		
A government agency in the state of Maine is being sued by a dentist after refusing to forgive her loans after she completed her time serving an under-served area in Maine. 
Dr. Kristina Lake filed the complaint in Androscoggin County Superior Court. Her attorney is Jason Dionne.
Under her agreement with Maine Dental Education Loan Program [...]]]></description>
		<link>http://www.studentdebtnews.com/student-loans/maine-sued-loan-forgiveness/</link>
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