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To: SeekAndFind

student loans should be dischargable in bankruptcy.

Perhaps only in ch13 so a few pennies will be paid over five years.


36 posted on 05/27/2011 5:56:46 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: longtermmemmory
"student loans should be dischargable in bankruptcy."

Well, yes -- IMO it is the non-dischargeable aspect of student loans that is a major cause of the huge tuition inflation over the last decades. Allow student loans to be dischargeable in bankruptcy and lenders will need to be much more careful about how much they loan, and to whom. (This would likely lead to the closing of hundreds if not thousands of second and third tier private colleges. That would not be a bad thing.)

39 posted on 05/27/2011 6:09:54 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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