Supreme Court Rules Against Student Loan Industry

Supreme Court Rules Against Student Loan Industry

Rejecting the views of 33 states, the federal government, and the student loan industry, the Supreme Court today unanimously ruled in favor of a loan delinquent who used the bankruptcy laws to restructure his debt.

The decision in United Student Aid Funds v. Espinosa was the only ruling handed down today, and the Court is not expected to issue any rulings when it sits tomorrow, making it unlikely there will be any rulings again from the Court before March 30, the next decision day on which it will be in session.

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