>Sallie mae provided "guaranteed" student loans, where if the borrower is bankrupt, the government takes over the loan. Where did you get that? From what I rea

>Sallie mae provided "guaranteed" student loans, where if the borrower is bankrupt, the government takes over the loan. Where did you get that? From what I read in Wikipedia, the only difference with a regular private loan is that they are not easily discharged through bankruptcy thus the interest rates are quite low compared to a regular unsecured loan for a person with no credit history and no income. https://en.wikipedia.org/wiki/Private_student_loan_(United_States) https://en.wikipedia.org/wiki/Private_student_loan_(United_S...