Almost all student loans are from the federal government now anyway, so in reality they’d probably just keep loaning the money since the government doesn’t care

Almost all student loans are from the federal government now anyway, so in reality they’d probably just keep loaning the money since the government doesn’t care about losing it. You’d probably have to get rid of the government-run student loan program at the same time as making the loans dischargeable in bankruptcy to really get something working properly, I’d think.