> Student loan debt is generally non-dischargeable in bankruptcy This is the cause of the absurdly high prices for education. Lenders see a non-dischargeable l

> Student loan debt is generally non-dischargeable in bankruptcy This is the cause of the absurdly high prices for education. Lenders see a non-dischargeable loan as zero risk. Their debts will be paid no matter the circumstances, even when other debts are wiped out in bankruptcy, student loans will still be paid, or garnished from wages. Lenders have no reason not to give out as many of these zero risk loans to as many unqualified and barely educated 18 year olds. Educational institutions, seeing a surge of both demand and loaned money, raise their rates. This process happens year after year, and the demand for colleges is only increasing, especially with a wealthy foreign population keen on sending their kids to prestigious American universities.