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And the creditor should be to deny them based on insufficient ability to repay, and it should be dischargeable in bankruptcy, and the government should in no ci
by fallingknife 4y ago
And the creditor should be to deny them based on insufficient ability to repay, and it should be dischargeable in bankruptcy, and the government should in no circumstances pay it back for them.
- mmcconnell1618 4y agoThis is the difference. The government backs educational loans and sets different rules that mean the creditor is almost guaranteed never to lose money. If there was no government guarantee, creditors would offer fewer loans to people they didn't expect to be able to pay them back.