Ben Franklin on US currency wearing mortarboard (Photo: Shutterstock)

The U.S. Court of Appeals for the Second Circuit ruled for the first time that privately issued student loans can be discharged in bankruptcy, a major win for borrowers facing financial hardship in paying off their loans.

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Tom McParland

Tom McParland of New York Law Journal can be contacted at [email protected]. Follow him on Twitter @TMcParlandALM.

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