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College students in the previous century had a remedy. It was removed in 2005. Forbes: "In 2005, Congress passed, and President George W. Bush signed, the Bank
by 8bitsrule 8y ago
College students in the previous century had a remedy. It was removed in 2005.
Forbes: "In 2005, Congress passed, and President George W. Bush signed, the Bankruptcy Abuse Prevention and Consumer Protection Act, which exempted federal and private students loans from discharge."
https://en.wikipedia.org/wiki/Bankruptcy_Abuse_Prevention_and_Consumer_Protection_Act https://en.wikipedia.org/wiki/Bankruptcy_Abuse_Prevention_an...
IIRC correctly, the number and size of student loans grew greatly after this Act. College students who received advice which encouraged them to take on huge debt loads - on speculation - were essentially thrown into the water to see if they could learn to swim.