> They're protected from defaulting by law, because they can't be divested by bankruptcy. True. I think most people don't realize this. Government programs pus

> They're protected from defaulting by law, because they can't be divested by bankruptcy. True. I think most people don't realize this. Government programs push young, naive people to borrow to pay for degrees that are unlikely to have positive ROI, and then if life doesn't go as planned there is effectively no bankruptcy protection.