Interesting, but I have to question just how much skin those giving the loans have in the game, given a large and growing part of student loans aren't public an

Interesting, but I have to question just how much skin those giving the loans have in the game, given a large and growing part of student loans aren't public and subsidized by taxpayers, but private. And they can't be dropped by bankruptcy. Up until a few years ago only government education loans were exempt from bankruptcy. I assume private education loans were added to encourage loans... I wonder if the tradeoff was worth it, going by the numbers. Though in all fairness I say this as someone about to default later today (Saturday) to Sallie Mae because I can't come up with the required amount by noon. Of course, having my wages garnished likely means AES will follow. Yay.