Should Student Loans be Dischargeable in Bankruptcy ?

[limpyhobbler]

16. it cost's that much sometimes

you said it: $10,000 x 4 years = $40000.
That's a heck of a lot of a loan to start someone off with. Especially if they don't end up making the type of money they expected.

If somebody blows $40,000 in 4 years on hookers, booze, cocaine, gambling, stock market investments, a fancy car, fancy clothes, eating in restaurants....they can declare bankruptcy.

But someone makes an honest effort to improve their life, do what they think they need to do to be middle class and/or get a degree they want or whatever. And it just doesn't pan out. That person gets saddled sometimes with a lifetime of debt that they can never pay off, and never get out off. And it keeps 'em from doing other things like getting a car, a mortgage, getting married, having kids.
sometimes.

Sometimes people make financial errors and they get bankruptcy. Why single this one kind of loan out and treat it more harshly. There is no evidence that it was ever being abused.