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“Before 1976 student loans were dischargeable in bankruptcy like other unsecured loans.” - Wikipedia
by fshbbdssbbgdd 2y ago
“Before 1976 student loans were dischargeable in bankruptcy like other unsecured loans.” - Wikipedia
- loeg 2y agoAnd there was a lot less dollars loaned, at much higher interest rates, because an unsecured loan to a young adult with no assets is a lot more likely to default than most other debt.