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Student Wins in Supreme Court Case over Loans

March 24, 2010 | Category: Student Loans 

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. It filed no objection, nor did it appeal the bankruptcy court order approving the plan.

Source: NPR Read or Listen to the Story

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