Student loans have been in the news a lot in the last year or two. Particularly with the poor economy, people have been struggling to repay their loans, and some are drowning in debt. It's especially difficult for people who went to school on private student loans, because those cannot be discharged in bankruptcy. However, many hope that will eventually change.
Even the Consumer Financial Protection Bureau and the Education Department are weighing in on the issue. In a new report, the agencies suggest that perhaps laws should change so that private student loans aren't so inflexible.