Students are allowed to borrow huge sums of money at low interest rates precisely because student loans are uniquely immune to bankruptcy. The scheme breaks down if they can default; every kid would file on graduation day!
Penny...good point on Med Debt.
They cancel the debt, while Not addressing the Problem ie the cost.
When the lender is the federal government?
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Students are allowed to borrow huge sums of money at low interest rates precisely because student loans are uniquely immune to bankruptcy. The scheme breaks down if they can default; every kid would file on graduation day!
Penny...good point on Med Debt.
They cancel the debt, while Not addressing the Problem ie the cost.
When the lender is the federal government?