To: TurboZamboni
They aren’t now because they’re guaranteed by the government, if they were dischargable they’d no longer be guaranteed, and by and large the people who need them wouldn’t be able to get them (nobody is going to give you a loan based on potential future earnings if you pass you classes).
12 posted on
06/11/2012 12:48:12 PM PDT by
discostu
(Listen, do you smell something?)
To: discostu
Isn't that the kind of the same argument used by those opposed to K-12 school vouchers?
(Some claim if the government didn't fund schools, we'd have none at all.)
31 posted on
06/11/2012 2:19:16 PM PDT by
TurboZamboni
(Looting the future to bribe the present)
To: discostu
Prior to 1998, student loans could be discharged if the first payment was due more than 7 years before the bankruptcy was filed.
in 1998 Congress changed the law so that government backed student loan could not be discharged at all and in 2005 this was extended to private student loans.
47 posted on
06/11/2012 3:10:33 PM PDT by
CharacterCounts
(A vote for the lesser of two evils only insures the triumph of evil.)
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