> Why is it I can ditch close to 90 grand in loans lickety-split but students cant? how is education any different? Because most student loans are to the feder

> Why is it I can ditch close to 90 grand in loans lickety-split but students cant? how is education any different? Because most student loans are to the federal government (~93%) [0]. Generally if you owe money to the government, you're kind of on the hook. And even if you discharge your loans after 20 years of income based repayment, you still owe a tax bill on the amount written off since that's a windfall. One argument to get the federal government away from making student loans. They offer a one size fit all interest rate regardless of the economic viability of the degree and ability to pay back. Private lenders offer better rates to students with lower risks (better schools and highly lucrative majors, mainly graduate degrees). [0] https://www.nerdwallet.com/blog/loans/student-loans/student-loan-debt/ https://www.nerdwallet.com/blog/loans/student-loans/student-...