Should Student Loans be Dischargeable in Bankruptcy ?

[gtar100]

44. Yes, absolutely yes!

What incentive is there for the schools or the lenders to keep costs affordable when they have little or no risk themselves? They don't even have to be concerned about the bigger picture of employment for graduates if they know they can forever follow them and go as far as garnish wages just to pay interest and late fees that often end up greater than the principle.

I bet many of these lenders also call themselves capitalists and are mighty proud of it. Even hating on government. Funny how they have positioned their advantage through the strong arm of the government by manipulating the rules in their favor.

Imagine how much better alumni assistance would be if they actually had to worry about students being unable to repay their loans. But they don't have to worry and currently post-graduate employment assistance is dismal at most colleges I've heard about.