> 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

> 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.