Carol Todd of Nottingham, Maryland, persuaded a bankruptcy judge in Baltimore to “discharge”–that is, wipe the slate clean on–nearly $340,000 in student loan debt. The grounds were that she has Asperger’s Syndrome, a mild form of autism that apparently prevents her from getting or keeping a steady job. U.S. Bankruptcy Judge Robert Gordon ruled on […]
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Sometimes the left is onto something. Take, for example, the latest twist in the “Occupy” movement: Occupy Student Debt. The new activism front, which began in with a Nov. 21 rally at Occupy Ground Zero, New York’s Zuccotti Park, is trying to collect a million online signatures from debtors pledging to refuse to repay their […]
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The Income Based Repayment (IBR) program, which took effect in 2009, is designed to lighten the student-loan burden for some students. The basic idea is to limit monthly payments to less than 15% of disposable income. If a student makes these payments for 25 years, any remaining balance is forgiven, meaning that taxpayers essentially pay […]
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