Billions of dollars' worth of predatory student loans may...just...vanish

Private student loans are the worst of a bad bunch, with incredibly high interest rates and penalties on funds used to finance educations at the kinds of "universities" who later get their accreditations yanked for academic malpractice and deceptive advertising -- universities that target the most naive kids from the least educated backgrounds, load them up with debt, waste four years of their lives, and pop them out the door with a useless "degree." (more…)