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Reply to "SCOTUS on Student Loan 9 - 0"
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[quote=Anonymous]I don't understand why Congress doesn't just make student loans again dischargeable in bankruptcy. I get that the historical precedent was that someone graduated on Sunday and filed for bankruptcy on Monday with no assets before starting in their lucrative careers and we don't want people essentially screwing the Federal government. However, it seems we've gone too far in the other direction by having to prove "undue hardship". Why not just up the penalties for bankruptcy in terms of how long you can go before filing again or some other consequence? They still ruin their credit and make it difficult to sign a lease or do other things, but there should be some way to walk away from these debts even at a significant cost or hit to their credit ratings.[/quote]
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