Yes and it's a BS argument, because going through bankruptcy is not something to be taken lightly or something that you can "just do", because it's not only abo

Yes and it's a BS argument, because going through bankruptcy is not something to be taken lightly or something that you can "just do", because it's not only about "you owe X" but how well can you service your debt. Of course this argument was an excuse to inflate education prices and make lenders more interest as well.