Should the laws on Student Loans be changed to allow bankruptcy discharge?

[tahmelapachme33]

like all other debts

[galvin]

yes

[atworth49]

Education should be free in America.

[said99]

At this point I don't think it would make much difference.

[jabin20]

You can always charge it on a credit card then file bankrupty..
i think once you are able to pay the principle off then the loan should be considered paid.

[vanaken25]

Perhaps. They should at least be interest free.

[tai38]

Yes.

The idea behind treating them differently has long been a matter of debate, especially in Congress.

An argument that arose in the Congressional debate was that student loans are different from most loans and should be treated differently. According to this view, student loans are made without business considerations, without security, without cosigners, and rely for repayment solely on the debtor’s future income. In this sense, the loan is viewed as a mortgage on the debtor’s future. The argument is that those with a college degree have an asset which should deny them access to bankruptcy relief for loans used to finance that degree.

[lathrop]

Yeah, I guess that would be good

[vaiveatoish]

Of course - but good luck fighting the republicans.... they need to FEED THEIR BILLIONAIRES FIRST. And right now the Billionaires are sucking up that cool student-loan interest PLUS their Big Juicy Republican Tax Cuts.

[norwyn]

No.