> it rewards one generation of students at the expense of the older folk who have paid Hmm... by that reasoning, wouldn't people who default on SBA business lo

> it rewards one generation of students at the expense of the older folk who have paid Hmm... by that reasoning, wouldn't people who default on SBA business loans or FHA/VA home mortgages be doing so "at the expense of those who have paid"? And yet they're allowed to file bankruptcy. What's different? As I observed before, in the case of a small business there often aren't any recoverable assets, or only a small amount. In the case of real estate... I saw a story the other day where a San Francisco office building changed hands for only 25% of its price the last time it was sold, and I don't think we've seen the bottom there by any means.