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You're confusing secured debt and unsecured debt. Student loans would almost not exist if they weren't secured by assets or guaranteed by someone with the asset

You're confusing secured debt and unsecured debt. Student loans would almost not exist if they weren't secured by assets or guaranteed by someone with the assets to pay them off should there be a default. Since student loans have no collateral and most student don't have a credit record that makes loaning them $50,000 a rational risk, the only way for them to make sense from a risk point of view is for them to not be dischargeable. If you disagree, you are free to lend out your assets to every and anyone who wants to take college classes and as a personal loan, they will be dischargeable in bankruptcy. When they default, you will have no way to get your money back. Since you're advocating for others to take this risk, why haven't you done it yourself?

edmcnulty101 4y ago
> Since you're advocating for others to take this risk, why haven't you done it yourself 35% of my paycheck is spent taking risks. My taxes fund risky business loans via SBA. My taxes fund risky first time home buyers via FHA. My taxes fund risky PPP loans that got forgiven via COVID laws. My taxes fund Financial institutions making risky decisions leading to bank bailouts. My taxes fund risky bombing of brown people in middle east for literally no reason risking losing costly military equipment. My taxes fund losing literally billions in the middle east wars with ZERO accountability. My taxes fund old peoples healthcare and welfare who spent their whole lives, not exercising and eating poorly. Student loans shouldn't exist. And universities should just be either funded as much as all these other areas or subject to the laws of supply and demand like the rest of the world.