Accepted wisdom says that there are only two (rather sobering) ways to relieve the burden of student debt: either pay it off, or depart from this earthly world.
On May 22 the Ninth Circuit Court of Appeals wiped out $58,000 in student loan debt for a former law student in bankruptcy proceedings, sending shockwaves through the formerly impervious facade of student loan debt performance.
Ten years in the making, the ruling could burst the trillion dollar student loan bubble.
This is the case of Michael Hedlund.
His tale seems unexceptional in today's economic hard times...