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Also student loans cannot be discharged in bankruptcy, so there will not be a dramatic crisis triggering writedowns. The digestion of bad loans will take decade
by jackcosgrove 7y ago
Also student loans cannot be discharged in bankruptcy, so there will not be a dramatic crisis triggering writedowns. The digestion of bad loans will take decades.
- dragonwriter 7y ago> Also student loans cannot be discharged in bankruptcy Yes, they can, though it's harder than other unsecured debt.
- jackcosgrove 7y agoIt's such a rare event that it wouldn't happen at the scale to trigger a financial crisis.