LIVE HELPAvailable
Click to CalL
Call Now
STOP Collector Blog From the law firm of Lemberg & Associates

Senate Introduces Private Student Loan Debt Legislation

Senators Dick Durbin (D-IL), Tom Harkin (D-IA) and Al Franken (D-MN) have introduced the Fairness for Struggling Students Act of 2013. According to a press release issued by Senator Durbin, the bill seeks to reverse a 2005 change to bankruptcy laws that prevented private student loans from being discharged in bankruptcy proceedings. While government issued or government guaranteed student loans have long been protected in a bankruptcy, meaning that bankrupt borrowers were still responsible for repayment, until 2005 private student loans were treated like other types of debt. According to Durbin’s office, “In 2005, the law was unjustifiably changed to give private student loans the same privileged bankruptcy treatment as government loans, even though private student loans have vastly different terms and fewer consumer protections.”

According to the Huffington Post, among those organizations that support the bill are the American Association of University Women, the Consumer Financial Protection Bureau, the U.S. Department of Education, and Sallie Mae.

The bill was introduced in the previous Congress, but failed to pass out of committee.


Your email address will not be published. Required fields are marked *

Lemberg & Associates’ team
of consumer attorneys is highly
skilled and ready to help you
with debt collector abuse.

If you have been the victim of harassment or illegal or unfair debt collection practices, Lemberg & Associates will discuss your options with you and protect your rights. For more information, contact Lemberg & Associates today at .

Learn More About Us 
Start Free Legal Consultation
Fill out form:
Please wait...
Your information is kept 100% confidential.
We do not spam or sell your information.
Sergei Lemberg

Sergei Lemberg is the principal at Lemberg & Associates, a consumer law firm that defends consumer rights in the areas of fair debt collection law, fair credit law, and lemon law, among others. He is regularly labeled by the debt collection industry as one of the “most active consumer attorneys” in the U.S.

Contact Us

Lemberg & Associates
100 Summer Street
Stamford, CT 06905

Find out how we can
help you stop debt
collector harassment
Get Free Legal Help 

"The FDCPA is a consumer protection statute and was intended to permit, even encourage, attorneys like Lemberg to act as private attorney generals to pursue FDCPA claims."

U.S. Ninth Circuit Court of Appeals, Evon v. Law Offices of Sidney Mickell
Follow Us on Twitter