Student Account Nondischargeable in Bankruptcy, Rules 9th Circuit

Summary

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The amount owed on a credit account that a student opened with her university qualified as a nondischargeable educational loan in her bankruptcy case, the 9th Circuit has ruled in affirming judgment. The debtor owed $13,142 on an account that she opened with Vanderbilt University when she was a student. The account allowed for the debtor's deferred payment of educational services.

Under the terms of the account, the debtor was billed monthly and obligated to pay nominal interest and late fees on unpaid balances.

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Student Account Nondischargeable in Bankruptcy, Rules 9th Circuit

The debtor argued that the account was a revol...

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