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Back when the loans could be discharged this was not at all common, so why would it be so now?
by SkyBelow 7y ago
Back when the loans could be discharged this was not at all common, so why would it be so now?
- smooth_remmy 7y agoBecause now the internet exists. Back then, probably only a few students knew how to abuse bankruptcy laws. If bankruptcy laws were abusable by students in the present day, EVERYONE would know how to do it
- deleted 7y ago[deleted]
- cujo 7y agoBecause college was infinitely more affordable.
- mhb 7y agoThe argument is that you are reversing the cause and effect.
- ulucs 7y agoLoans are unable to get discharged -> banks give more loans -> schools ramp up prices -> loans are now even harder to discharge It's a positive feedback loop
- mhb 7y agoRight, but there's no feedback. Increasing school prices makes loans harder to pay off, not to discharge in bankruptcy. They can either be discharged or not in bankruptcy.