Chronicle of Higher Ed:
a Sallie Mae spokeswoman, Martha Holler, suggested a willingness to consider Mr. Durbin's plan.
"We agree that it may be appropriate to revisit how to handle private student loans in bankruptcy," Ms. Holler said in a statement, "and we would be happy to participate in finding a solution that provides relief to borrowers who act in good faith but still find themselves in difficult financial situations."Time Magazine:
Conwey Casillas, Sallie Mae's director of public affairs, acknowledges that the previous bankruptcy law, which allowed students to discharge their loans after seven years of active re-payment, might be more appropriate, adding that the company would support revisiting bankruptcy laws for students who act in good faith but still struggle to pay off their debt.