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2nd Circuit says private student loans can be discharged in bankruptcy   Privately issued student loans may be discharged in bankruptcy, a federal appeals court has ruled. In its decision Thursday, a three-judge panel of the 2nd U.S. Circuit Court of Appeals at New York affirmed a bankruptcy court’s denial of Navient Solutions’ motion to dismiss a case brought by a borrower who argued his private educational loans were discharged in bankruptcy. The student loan servicer claimed that a provision in the U.S. Bankruptcy Code prevents a borrower from discharging “obligation[s] to repay funds received as an educational benefit, scholarship, or stipend.” The panel, however, said under that reading, the “term ‘educational benefit’ would encompass virtually all private student loans.”

New yorkUnited statesSallie maeBoies schiller flexnerGeorge carpinelloHilalk homaidanAmanda robertUs bankruptcy courtUs circuit courtEmerson collegeNavient solutionBloomberg lawTuition answer loansEastern districtNew orleans basedபுதியது யார்க்