"The House of Representatives took care of many issues for low-income students when it approved its recent Higher Education Act renewal bill. But one topic left by the wayside is championed by a Congressional Black Caucus member - more help for low-income borrowers unable to pay for costly, high-interest private education loans.," Diverse: Issues in Higher Education reports. "Rep. Danny Davis, D-Ill., says students need more protection from such private loans, which some critics have labeled the new 'Wild West' of student lending. In particular, he says borrowers should be able to write off such debt during the bankruptcy process, a right that existed up until 2005. That year, with an exploding private loan market, Congress agreed with banks to rethink that option. As a result, those who declare bankruptcy cannot escape the crush of private student loans that often carry double-digit interest rates."