They were dischargeable in bankruptcy until 10-15 years ago. I don't believe declaring bankruptcy on graduation day was ever a standard practice, nor do I see

They were dischargeable in bankruptcy until 10-15 years ago. I don't believe declaring bankruptcy on graduation day was ever a standard practice, nor do I see why reversing the discharge exception would change that. By and large, people intend to repay debts they incur, and they don't want to deal with the 7 to 10 years (not sure of exact duration) of bad credit that results from bankruptcy if they can avoid it. Having difficulty buying or leasing a home or car without paying the total cost up front, inability to get those jobs where a credit check is involved, etc... that will never be standard practice by choice.