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Student bankruptcies rise as UC and Stanford see debts surge
The University of California reports 115 unpaid student loans totaling 242000 in 1974, up from 45 in 1972. Stanford also notes a 50 percent rise in bankruptcies by loan holders. Officials cite rising tuition and unemployment, while critics argue debt shirking. A San Francisco firm hawks DIY bankruptcy kits to students facing debt, with many seeking relief through Chapter 7.
MENTIONED IN THIS ARTICLE
University of California
Stanford University
Stanford
Robert Hughes
U.S. District Bankruptcy Court
Oakland
San Francisco
University of California In Berkeley
Gme
American Bankruptcy Council
John Slavicek
The
Council
Los Angeles
Eureka
Slavicek
Sarah Molla
Joseph Jedd
Jedd
Sen
Charles Percy
R-Ih