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As Paperwork Goes Missing, Private Student Loan Debts May Be Wiped Away

August 1, 2017 /

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Tens of thousands of people who took out private loans to pay for college but have not been able to keep up payments may get their debts wiped away because critical paperwork is missing.

The troubled loans, which total at least $5 billion, are at the center of a protracted legal dispute between the student borrowers and a group of creditors who have aggressively pursued them in court after they fell behind on payments.

By STACY COWLEY and JESSICA SILVER-GREENBERG

Full Story: https://www.nytimes.com/2017/07/17/business/dealbook/student-loan-debt-collection.html

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