Reply to $100,000+ loan club

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Reply to "$100,000+ loan club"

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[quote=Anonymous][quote=Anonymous]Snarky poster here.  Part of the reason that it[b] can't be discharged[/b] is that virtually every college student, at the time of graduation, would qualify for bankruptcy protection and the ability to discharge student loans.  I certainly would have.  And a credit hit would be a very small disincentive, at age 22, to bankruptcy.  Is it moral and honest?  No, but getting rid of a huge debt to start your life is a powerful incentive.  Hell, students likely would delay getting a job just to take advantage of bankruptcy protection.

I agree the underlying problem is the runaway cost of higher education.  As the parent of a pre-schooler, I can only hope that the problem is addressed in the next 15 years.  Otherwise, at the current rate of increase, a bachelor's degree will cost well over a million dollars when my daughter goes.    [/quote]

Thought they put that in there is because lenders wouldn't want to lend for unsecured debt and that would put college out of reach for many.[/quote]

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