Corinthian College Bankruptcy Sheds Light on Student Loan Hypocrisy

Michael Lux Bankruptcy Articles, Blog, News, Student Loans 1 Comment

This week it was revealed that Corinthian College would be filing for Chapter 11 bankruptcy protection.  This comes shortly after the announcement that Corinthian would be closing down its remaining 28 campuses. For those not familiar with Corinthian, it is a for-profit company that operated numerous colleges.  It recently became …

Student Loan Bankruptcy and the Fairness for Struggling Students Act of 2015

Michael Lux Bankruptcy Articles, Blog, News, Student Loans 3 Comments

This week 13 Democratic Senators announced a bill to bring bankruptcy back to the world of student loans.  While this announcement comes on the heels of President Obama’s Student Aid Bill of Rights announcement, it is a much bigger step than the President was willing to take. The Senate Bill, called …

Senator Warren to Save the Day?

Michael Lux Bankruptcy Articles, Blog, News, Student Loans 2 Comments

Senator Elizabeth Warren recently announced some fascinating proposals to fix the student loan crisis.  You may best know Senator Warren as the Harvard Law Professor who helped create the Consumer Financial Protection Bureau.  Today Senator Warren directed her focus towards addressing the trillion dollar student loan problem.  She set out …