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If student loans were dischargeable in bankruptcy lenders would think much harder about the wisdeom of lending $40k/year for liberal arts degrees. Colleges woul
by dustyscreams 15y ago
If student loans were dischargeable in bankruptcy lenders would think much harder about the wisdeom of lending $40k/year for liberal arts degrees. Colleges would have to reconsider what they charge for such degrees and students would have an important market signal when choosing a course of study.
- harryh 15y agoI agree completely. The special treatment of student loans w.r.t. bankruptcy is bizarre and leads to all sorts of bad consequences.
- anamax 15y ago> If student loans were dischargeable in bankruptcy lenders would think much harder about the wisdeom of lending $40k/year for liberal arts degrees. Not if the lender is the US govt, as it is today. Not if the loans are guaranteed by the US govt, as it was before.