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> It simply isn't true. I got my student loans a quarter century ago. Back then the loans were dischargeable and low. The Bankruptcy Reform Act which introduce
by Aurornis 4mo ago
> It simply isn't true. I got my student loans a quarter century ago. Back then the loans were dischargeable and low.
The Bankruptcy Reform Act which introduced restrictions on discharging student loans was introduced in 1978, a full quarter century before your experience.
Loan dischargeability was further restricted in subsequent years.
If you got your loans a quarter century ago, you were deep into the time when it was hard to discharge loans. You are remembering wrong.
- chneu 4mo agoTwo centuries?
- Aurornis 4mo agoGood catch, sorry. Was trying to put it in terms of the parent comment's "quarter century ago" claim. They didn't realize that the student loan protections had gone in a full quarter century prior to their experience, which contributed to their 4% rate.
- dxdm 4mo agoGenerations, presumably.