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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You should look into why student loans are not dischargable in bankruptcy. It’s because a bunch of Boomer law and med school grads would declare bankruptcy right after graduating in order to get out of their loans, before they had accumulated any assets.

I’m also not sure how bankruptcy would work, given that the Department of Education makes the vast majority of student loans. The government has the power to garnish wages and tax refunds to enforce payment on judgments. [/quote]

^^ 
You could easily put a timeframe around when bankruptcy can be executed - let's say 8 years after the debt was accumulated - make it 10 if you want.  Lawyers and doctors will be far along in their careers and will not pursue.  The person who took two years at a crappy college and now is a waitress just might.  Done. [/quote]

DP.  So kind of the same concept as current loan forgiveness programs that forgive debt after a certain number of years, except that unlike bankruptcy people have to make payments to qualify for loan forgiveness?[/quote]

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