TODAY: Senate Judiciary Subcommittee Hearing on Student Loans

Dear NACBA Member,

This morning at 10 a.m. EDT, the Senate Judiciary Subcommittee on Administrative Oversight and the Courts will hold a hearing on “The Looming Student Debt Crisis: Providing Fairness for Struggling Students.” Senator Richard Durbin (D, IL), lead sponsor of S. 1102 , the “Fairness for Struggling Students Act of 2011,” which would restore bankruptcy protection for private student loans, will chair the hearing. It was the release of NACBA’s survey and report last month that spurred Senate Durbin to hold this hearing and to return his attention to this issue.

Witnesses will include the Attorneys General of Kentucky and Illinois, a student loan borrower, Deanne Loonin with the National Consumer Law Center, a Stanford law professor and a representative of a Washington think tank.

To watch the hearing in real time or to view an archived version of it at a later date, go to:

Maureen Thompson
NACBA Legislative Director

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