And yet, some lenders (Navient is the big one) have now lost so much money due to COVID forbearance that they've exited that industry entirely. There's inheren

And yet, some lenders (Navient is the big one) have now lost so much money due to COVID forbearance that they've exited that industry entirely. There's inherent risk to everything, everywhere. Making the loans undischargable in bankruptcy doesn't negate the risk of non-repayment; it just hides it. Until, eventually, all the band-aids fall off, reality bares its ugly head, and we all wish we hadn't-a done that. Yet, in thirty years we'll forget about it and do it all over again, in some new, crazy, way.