No. Also, I believe they can garnish wages and repossess property to pay off loans if it looks like the client won't ever be able to pay the debt back. In carr

No. Also, I believe they can garnish wages and repossess property to pay off loans if it looks like the client won't ever be able to pay the debt back. In carrying out its fiduciary duty the firm that issued the loan came to the conclusion that the person would be reasonably able to pay the loan back with interest. Of course, since the risk of default is off the table with student loans, why not hand out a bunch of money that will get paid back with some accrued interest before it is discharged, if it ever is at all? In a world where fake private schools didn't accelerate the loan bubble, and one that probably treats student loans like any other debt, it would be a different story. Boils down to whether or not they think the prospect of their client finding gainful employment after school is worth taking on the risk of the client defaulting.