UPDATE: **SCHOLARSHIP DEADLINE EXTENDED TO JUNE 15, 2014**
Student loans have become a serious burden for American families. In 2012, for the first time in history, outstanding student loan debt eclipsed both auto loans and credit card debt. Student loans debt has more than quadrupled in the last decade alone and default rates. More troubling, default rates for student loans are more than three times higher than those for credit cards, and that does not take into consideration the large group of outstanding student loan debtors whose loans are “current” but not being paid due to forbearance, deferment, or other temporary suspension.
Discuss solutions to the student loan crisis. Specifically, do you believe amending the bankruptcy code to allow for discharge of student loans would alleviate the problem? If not, what alternative solutions do you recommend/
The Bodie Law Firm will award $500.00 to the winning essay.
Who is eligible?
The scholarship is open to any current 2 year or 4 year college student or law student.
The essay must discuss the student loan topic described above. The essay should be at least 750 words. Longer submissions are welcome.
The winner will be selected based on overall writing ability, argument presentation and persuasion
How to Apply
E-mail submissions in MS Word or Apple Pages format to firstname.lastname@example.org or mail in the essay to the following address no later than December 31, 2013:
16133 Ventura Blvd #700
Encino, CA 91436
IMPORTANT: You must include your name, a mailing address, and a valid e-mail address for your submission to be considered. You must respond to the email within 30 days to receive the scholarship. Failure to respond to the winning notification email within 30 days of it being sent will result in forfeiture and the scholarship will be re-assigned to the next runner up.
We will select a winner no later than January 17th, 2014. Winners will be notified by e-mail.