Should Student Loans be Dischargeable in Bankruptcy ?

[sense]

34. No

I worked in student loan repayment and collection. The vast majority of students could have repaid their loans, it simply wasn't a priority for them. I worked with NDS loans which were extremely low interest and the funding for future students was dependent on the repayment of prior students. I wish I could tell you otherwise, but it was just a stunning revelation to me to receive information from them on their budgets and their supposed plan for non-repayment. Lots of excess debt and responsibilities taken out after getting their education (enormous houses, horses, boats, RV's, retail debt, memberships in this and that), with no thought given to how they'll pay for the debt they accrued first. Then, they'd admit that they didn't intend to repay the student loans in a timely manner because the low interest and extremely low late charges didn't make it a wise financial decision. No empathy at all for the current students they were harming with their selfishness.

I do realize that times have changed and our current system sucks. Tuition is too high, grant access and financial aid are too little to help most, but bankruptcy isn't the answer. Changing the political system in this country is. Get the money and sociopaths out of politics.