> Why not allow forgiveness for the only debt in the entire US that legally cannot be discharged through bankruptcy? Well for starters they signed on the line

> Why not allow forgiveness for the only debt in the entire US that legally cannot be discharged through bankruptcy? Well for starters they signed on the line that is dotted. Their peers who went to trade school or got a job at McDonald's didn't co-sign their loans. Plus, the interest rates on debt with no collateral that could be discharged in bankruptcy would be significantly higher. There's nothing special about tuition payments not being dischargeable in bankruptcy, it's student loans specifically. If you pay your tuition or buy books on a credit card then you could declare bankruptcy and it'd be treated like all your other obligations. > If you're anti-loan-forgiveness then you need to allow people to discharge these things in bankruptcy. No you don't. Bailing out people for bad decisions like attending overly expensive schools or acquiring useless degrees is a bad idea. It just incentivizes more bad behavior. King for a day, I'd remove the government out of the student loan business entirely. That'd have a massive drop in college pricing. Let all loans be private and let them be dischargeable in bankruptcy. But changing the rules in an existing system on already made agreements is a bad idea.