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I'm no expert by any means, but isn't this due to the idea that nearly all students would simply declare bankruptcy upon graduation?
by HappySweeney 7y ago
I'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.