Bankruptcy: Student Loans-‘Educational Loan’-Funding Of Program

Where a debtor challenged the denial of her motion seeking a discharge of student-loan debt, the bankruptcy court did not err in categorizing the debtor’s loan as an educational loan, but the court’s inference in favor of the bank that a nonprofit organization “funded” the loan program was not reasonable because it was not supported by the evidence.

Judgment is reversed and remanded.

Page v. JP Morgan Chase Bank (MLW No. 72336/Case No. 18-6011 – 9 pages) (U.S. Bankruptcy Appellate Panel, Dow, B.J.) Appealed from U.S. Bankruptcy Court, Eastern District of Missouri.