Quote Originally Posted by Lainey View Post
The scam comes from the insertion of the private sector into the student loan business in the first place, and also the predatory nature of these loans - hence, the numerous lawsuits against for-profit schools with recruiters paid based on how many people they can sign up to attend.

And if bankruptcy laws can discharge debt from clothes, shoes and vacations put on credit cards, then student loans should not be singled out as non-dischargable.
If the government didn't meddle with the guarantees no one would loan 18 year old's thousands of dollars with no collateral or credit. I do agree that it is to easy to get loans for college.

Who in their right mind would loan some kid over $100k that could just come out and default just out of school?