Should Student Loans be Dischargeable in Bankruptcy ?

[limpyhobbler]

38. "enormous houses, horses, boats, RV's, retail debt, memberships in this and that"

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),

1)
I cannot believe that the vast majority of student debtors have horses, boats, rv's, and memberships in this and that. I think your perception may have been biased. As a loan debt collector you might have selectively perceived the worst things.

2)
Why paint with such a large brush stroke?
Why not consider individual circumstances?
For every student debtor with 'boats and horses', there is probably at least one that lives in poverty conditions and used money on 'medical bills and diapers'.

3)
If irresponsibility and bad financial decisions are the standard for denying bankruptcy, why is it that someone can charge up $30,000 in Caribbean vacations and trips to Europe, and then declare bankruptcy, or any other kind of consumer debt, and then still qualify for bankruptcy? You could take a month trip to Amsterdam and run up $20000 credit cards on drugs and prostitutes, the most irresponsible thing imaginable. You would still be eligible for bankruptcy on those expenses.
Why is student loan debt the only kind of debt singled out for harsher treatment?
Are you opposed to all bankruptcy?