Student Loan Crisis Phone-Based Conference

A new survey of more than 850 U.S. bankruptcy attorneys by the National Association of Consumer Bankruptcy Attorneys (NACBA) to be released at 1:30 EST Tuesday (February 7, 2012) will show a major increase in private and public college students unable to repay their student loans.

WHO:
* The Honorable Steven Cohen, U.S. House of Representatives;
* William E. Brewer, JR., president, National Association of Consumer Bankruptcy Attorneys;
* John Rao, attorney, National Consumer Law Center and vice president, National Association of Consumer Bankruptcy Attorneys);
* Disabled Vietnam veteran on a fixed income who, with his now retired wife, co-signed their son’s student loans, are being sued, and are at risk of losing everything.


WHAT:
The sour economy and often onerous loan terms will be identified as key factors contributing to the emerging student loan crisis, which could have major implications for the U.S. economy. Victims often include parents, who co-signed for student loans, and find themselves on the hook either as they are planning for retirement or already living on fixed incomes.

WHEN:
1:30 p.m. EST on Tuesday, February 7, 2012.

WHERE: You can join this live, phone-based news conference (with full, two-way Q&A) at 1:30 p.m. EST on February 7, 2012 by dialing 1 (800) 860-2442. Ask for the “’student loan default survey” news event.

CAN’T PARTICIPATE?: A streaming audio replay of the news event will be available on the Web at http://www.nacba.org as of 5 p.m. EST on February 7, 2012.

The National Association of Consumer Bankruptcy Attorneys is the only national organization dedicated to serving the needs of consumer bankruptcy attorneys and protecting the rights of consumer debtors in bankruptcy. Formed in 1992, NACBA now has more than 4,500 members located in all 50 states and Puerto Rico.