More Bankruptcy Lawsuits Occurring from College Tuition
Higher college tuition is helping to grow the higher ed bubble.
The Wall Street Journal reports.
What’s Behind Bankruptcy Lawsuits Over College Tuition?
Bankruptcy trustees are suing universities—and sometimes, college students themselves—to take back tuition that had been paid years before as part of an aggressive and growing legal tactic.
Parents who file for bankruptcy after paying for the skyrocketing cost of college tuition can face scrutiny from court-appointed trustees who argue that the money should have been spent on their own growing debts, as reported in The Wall Street Journal Tuesday.
The University of Maryland, College Park is fighting to keep $61,595.33 in tuition payments that Connecticut couple that began making for their son starting in 2010. In court papers, the school’s lawyer said the trend, if left unchecked, will “drive a wedge between parent and child.”
What’s Behind Bankruptcy Lawsuits Over College Tuition? (The Wall Street Journal)