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Assuming a traditional college student, declaring bankruptcy at 22, with no credit history to speak of, on the one significant debt you have ever been granted,
by vonmoltke 8y ago
Assuming a traditional college student, declaring bankruptcy at 22, with no credit history to speak of, on the one significant debt you have ever been granted, will destroy your credit for at least a decade.
Also, many loans are co-signed, so it isn't just the student affected by bankruptcy.
- lordnacho 8y ago> Also, many loans are co-signed Which suggests an industry will simply pop up of lending to parents. Probably wealthy ones. Anything that doesn't address the ticket price is simply squeezing around air in the balloon.