the bankruptcy rule was put in place to protect the ivory towers.
The ugly truth is that bankruptcy SHOULD discharge student loans.
If a graduate can not find a suitable job in 5 years, the degree is worthless. The number of graduates who declare bankruptcy SHOULD impact a universities ability to qualify to recieve these types of monies.
This would cull the nonsense degrees.
this is in agreement with my friend who has made a great living the past 10 years doing student loan collections. it'll never happen- Uncle Sugar can never say 'no' to his most spoiled rotten children.