Danny Davis: “For many of these students who secure loans without the protection of bankruptcy, it's like receiving a life sentence…”

“For many of these students who secure loans without the protection of bankruptcy, it's like receiving a life sentence with no appeal. That is to say, they get a loan that is supposed to help them get a college degree, an education so that they can pay the loan off. Unfortunately, many of them are stuck on $70,000, $80,000, $90,000, $100,000 that they're never able to pay. And so they struggle along for the rest of their lives trying to pay off a loan that was supposed to have secured for them a level of financial ability. I would urge that we pass this amendment to give those hundreds and thousands of students throughout the country the simple protection of bankruptcy that is provided for individuals with any other consumer loan.”