Sallie Mae

Bankruptcy Act Makes Private Student Loans Non-Dischargeable - Weaponizing Law Against Students

| Importance: 9/10

President George W. Bush signed the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) on April 20, 2005, fundamentally weaponizing bankruptcy law against student borrowers while preserving corporate bankruptcy as a strategic tool. The law amended Section 523(a)(8) to make private …

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