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Yes, this would be a really good change. As you said, it's insane you can't bankrupt on that debt.
by mempko 7y ago
Yes, this would be a really good change. As you said, it's insane you can't bankrupt on that debt.
- HappySweeney 7y agoI'm no expert by any means, but isn't this due to the idea that nearly all students would simply declare bankruptcy upon graduation?
- dsfyu404ed 7y agoThat's always brought up but the debt used to be dischargeable and people didn't default on it at any abnormally high rate. With current loan inflated tuition prices I bet there would be a spike in "intentional" bankruptcy as tuition prices plummet towards their new equilibrium.