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NYT Video and Article on Education Debt. Certainty of Hopelessness

Bankruptcy, Debt Defense September 1, 2012

Yesterday, EvanMRosen.com blog published on the Education Debt Crisis here. 

Now, this blog has not yet garnered the status of the New York Times, but on the same day, the NYT, published both a video and an article on the exact same topic.  One of the only ways to shed student loan debt, even in bankruptcy, is to be found “hopeless” by the court. Doug Wallace, who is now legally blind and owes $89,000, is awaiting a ruling.  He is blind from diabetes, unemployed, and has no income.   With more and more education-debt loaded graduates finding their degrees worthless in an economy that failed them, Wallace is far from alone in his desperation.

Watch the video here.

Continue reading here.

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