If student loans were dischargeable in bankruptcy (they used to be, after waiting 5-7 years), all students would immediately file after graduation. They have no assets and no job and they can wait the 7 years to get good credit again by living with parents. Doing so would save that family of say 4 kids a half million dollars. (That’s the cost of 4 years of in state public plus room and board for 4 years.). The taxpayers would pay for their loans as most student loans are federal now.
Either Bankruptcy is for all debt issues or it is for NONE.
Why can other debt like blowing money on hotels, travel, cars. clothes and THINGS get a write off, but not the overpaying of liberal college professors?
SCAM