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We're not talking about just walking away from the student loans, but declaring full-on bankruptcy. That has serious consequences.
by rectang 8y ago
We're not talking about just walking away from the student loans, but declaring full-on bankruptcy. That has serious consequences.
- jfim 8y agoIt does have consequences, but declaring bankruptcy right after college is probably a good idea (on an individual level) right after college if one has sizeable debts and bankruptcy discharges the debts. College grads tend to have little assets under their names to seize and are several years away from needing to use their credit score to get a mortgage.
- RhysU 8y agoLoan issuers would simply require a cosigner with sizeable assets to seize. Tada! Now no one from a poor upbringing can be the first person in their family to attend college. You have created a permanent underclass.