Feds Fight To Make Bankrupt Man, Unemployed For A Dozen Years, Pay Back Student Loans

Feds Fight To Make Bankrupt Man, Unemployed For A Dozen Years, Pay Back Student Loans

James Murphy, 65, can’t pay his student loans. He owes more than $200,000 in federal loans that he took out to pay for college for his three children. After a dozen years of unemployment, Murphy is asking a bankruptcy court to free him from the six-figure obligation to the Department of Education (ED).

If only it were that simple. Murphy’s fight, which is already three years old, puts him at odds with a Congressionally-created private company called ECMC that works to collect student loan debts on behalf of the ED. ECMC says that Murphy’s circumstances, while dire, do not qualify him Read More

Read more here:: http://thinkprogress.org/education/2015/10/15/3712871/undue-hardship-student-loan-bankruptcy/

      

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