Kids and Money: Debate heats up over solutions to the student loan debt crisis

April 20, 2015 12:12 PM

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Among the many ideas being considered to ease the nation's student loan debt crisis is this one: Allow cash-strapped borrowers to wipe out their repayment obligations through federal bankruptcy court.

My recent column on President Barack Obama's proposal to change bankruptcy laws so many student loan borrowers could start fresh touched a nerve with several readers. Some were outraged, but others said bankruptcy is the answer.

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