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Yes, it's a good idea to take eighteen year olds (that have been told their whole lives that they should go to college) and push them make decisions whose negat
by x0x0 10y ago
Yes, it's a good idea to take eighteen year olds (that have been told their whole lives that they should go to college) and push them make decisions whose negative consequences we never allow them to escape.
- brianwawok 10y agoThey do that every day on their own. They decide to smoke or not. Many choose to drink and drive. By 18 you easily have the power to ruin your life, or those of others. At 16 even, not the uncommon to see a 16 year old in the news for running over someone. I propose we give them more information. Perhaps not the end all be all, but at least give them a hope to make a smart decision.
- x0x0 10y agoJust make the loans dischargeable in bankruptcy and the problem will sort itself. ps -- none of your supposed similar items are widely endorsed by teachers/society/parents.
- dragonwriter 10y agoThey are dischargeable in bankruptcy, but the requirements for discharging them are more difficult to meet than those for other unsecured debt.
- x0x0 10y agoNo, they're functionally impossible to discharge in bankruptcy.
- dragonwriter 10y agohttp://abovethelaw.com/2016/01/the-tetzlaff-aftermath-discharging-student-loans-in-bankruptcy-might-be-easier-than-we-thought/ http://abovethelaw.com/2016/01/the-tetzlaff-aftermath-discha...
- x0x0 10y agoDid you even read your link? uliano’s study is worth reading. He reviewed every bankruptcy case involving student loans in 2007. He found that of the 169,774 student loan debtors filing bankruptcy, only 213 filed adversary proceedings, a necessary step to discharge student loans. And of that 213, 51 received full discharges, 30 received partial discharges and 25 received an administrative remedy. In other words, 0.1% of bankruptcy filers even tried to discharge their student loans. And of those who tried, 50% of them received some kind of relief from the court and 25% received a full discharge of their student loans. So either the who-knows-how-many attorneys involved in 169,774 - 213 = 169,561 bankruptcy cases (99.87% of such cases) involving student loans are incompetent, or ... student loans are functionally impossible to discharge in bankruptcy.