Repeal the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which expanded nondischargeable bankruptcy debt to include all "qualified education loans," regardless of whether a nonprofit institution was involved in making the loans.
Why is this important?
In 2005 (the Bush era), Congress extended the Bankruptcy Abuse Prevention and Consumer Protection Act to include all "qualified education loans", to be nondischargeable in bankruptcy proceedings. Prior to this, only nonprofit lenders' loans were nondischargeable. We're calling on Congress to repeal this law, saving future generations of Americans, their debt crisis, and contribute to American prosperity.
