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> Student loans are also statutorily impossible to discharge in bankruptcy, unlike every other form of debt. If this weren't the case, student loans would just
by ChadNauseam 3y ago
> Student loans are also statutorily impossible to discharge in bankruptcy, unlike every other form of debt.
If this weren't the case, student loans would just not be offered to anyone not deemed creditworthy. (Or they would only be offered by the government, who would offer them expecting to lose their money.)
I think this would probably be a good thing, since easy access to student loans is probably related to why college has gotten so expensive, but the first-order implications of changing this policy are pretty detrimental to poor people.