What happens when the repayment power of those that took the loans is crippled by the loans in such a way that they can't fulfill their basic needs? it's gonna

What happens when the repayment power of those that took the loans is crippled by the loans in such a way that they can't fulfill their basic needs? it's gonna happen with a non negligible portion of people The problem is not the fact that the debt can be wiped, the real concern is that for some people the debt will not be repaid at all and they can't do anything about it. That debt, whether refinanced ( http://www.nbcnews.com/business/obama-signs-student-loan-bill-lowering-interest-rates-6C10887330 http://www.nbcnews.com/business/obama-signs-student-loan-bil... ) or wiped out, will make banks lose money. Buckle up.