Skip to content
Subscriber Only

How the Government Polices What Student Debtors Spend

For borrowers seeking relief on their student loans in bankruptcy, there's no room for any spending seen as excessive.
Bloomberg business news

Why It's So Hard to Get Rid of Student Debt

Tangerie Shells lost her only shot at life without debt when she decided to spend $175 per month on meals outside her home.

Shells, a social worker at Sacramento County’s department of children's protective services, supports her elderly mother, disabled husband, and three children. After she declared bankruptcy, she asked the court to forgive the $137,000 she owed in student loans because paying them, she said, would make it impossible to provide for five family members.