Chicago Consumer Attorney and Sulaiman Law Group, LTD. Associate Jim Haller
recently authored an opinion piece on student loan debt published by The
Hill. The article –
Trump is right: Student loan debt an ‘albatross’ on families,
young people – focuses on the nation’s tremendous student loan debt problem,
which has ballooned to nearly $1.3 trillion dollars and far surpasses
credit card debt held by Americans.
In his opinion piece, Attorney Haller begins with a statement made by President
Donald Trump during his run on the campaign trail in which he told the
nation that student loan debt is unfair and should not be an albatross,
or a burden, that impedes the lives and growth of former students for
the remainder of their lives, before going on to promise a way to fix
or negotiate a solution to the crisis.
While President Trump and his administration may come under scrutiny for
some of the statements they make, his comment on the student loan debt
crisis, Attorney Haller points out, is entirely correct. As statistics
on demographics and the younger generation of former college students
and recent graduates makes clear, student loan debt has certainly created
impediments to the types of milestones achieved by previous generations
at younger ages. This includes delays in getting married and having children,
as well as making big purchases for things such as homes or new cars,
if they are ever made at all.
This “albatross,” which Attorney Haller explains is a metaphor
gleaned from Samuel Taylor Coleridge’s infamous poem, “The
Rime of the Ancient Mariner,” is an apt description for the burden
that hangs around the necks of millions of Americans.
Attorney Haller goes on in the article to express his support for the new
administration to capitalize on the President’s enthusiasm for student
loan debt relief and create real policy changes that can not only ease
the burden of rising tuition for future generations of students, but more
importantly make a direct impact on easing the burden already carried
by today’s millennials, recent graduates, and their families.
How could this be accomplished? In Attorney Haller’s opinion,
by enacting legislation to restore bankruptcy protection.
In a detailed account of his experience working as a consumer and bankruptcy
lawyer at Sulaiman Law Group, LTD., Attorney Haller goes on to discuss
how real the problem is, and how many clients our firm works with who
are carrying around the weight of burdensome student loan debt that generally
cannot be discharged in bankruptcy. In his impassioned account of seeing
first-hand how devastating the financial consequences can be, he makes
a credible and compassionate argument for much-needed change.
You can read Attorney Haller’s full opinion piece
Attorney Jim Haller
Jim Haller is an Associate at Sulaiman Law Group, LTD. who has dedicated
nearly 20 years of his legal career to helping good people struggling
with debt and financial challenges. In addition to being recognized by
a number of professional legal organizations and attorney rating services,
Jim has also served in leadership roles for many consumer and bankruptcy
organizations, including the Bankruptcy Association of Southern Illinois,
for which is co-founder and former President, and the National Association
of Consumer Bankruptcy Attorneys, to which he was elected as Vice President.
Jim has published a number of articles on bankruptcy and consumer law.