"and the ability to declare bankruptcy is a major factor" However you can't typically discharge student loans with bankruptcy, in the US at least: http://www.

"and the ability to declare bankruptcy is a major factor" However you can't typically discharge student loans with bankruptcy, in the US at least: http://www.nolo.com/legal-encyclopedia/student-loan-debt-bankruptcy.html http://www.nolo.com/legal-encyclopedia/student-loan-debt-ban...