> The fact Clinton and Bush allowed this to happen is disgusting. It actually happened under Carter. https://www.bankrate.com/loans/student-loans/private-stude

> The fact Clinton and Bush allowed this to happen is disgusting. It actually happened under Carter. https://www.bankrate.com/loans/student-loans/private-student-loan-bankruptcy/#how https://www.bankrate.com/loans/student-loans/private-student... > But the introduction of the U.S. Bankruptcy Code in 1978 caused a major shift with regard to student debt. > At the time, the intent of Congress was to protect educational loans from bankruptcy abuse. The amended bankruptcy code stated that funds received as an educational benefit would no longer be discharged unless the borrower could demonstrate undue hardship, which is no easy feat.