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In reply to the discussion: Should Student Loans be Dischargeable in Bankruptcy ? [View all]limpyhobbler
(8,244 posts)29. unpayable student loans should be treated as what they are, a failed investment, watch this video
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No. Most graduates won't want to have bankruptcy on their record for the next seven years.
pnwmom
Jan 2012
#25
No. The interest rate on a National Direct Student Loan (meaning it did NOT go through private banks
1monster
Jan 2012
#41
no. student loan companies gave money to congress to get the exemption. that's the reason.
limpyhobbler
Jan 2012
#13
Oh stop bringing facts to the argument. The guy wants to punish these lazy youngsters
gtar100
Jan 2012
#43
Part of the problem is the for-profit schools that exploit people to get the loan money
spooky3
Jan 2012
#14
Would you loan your savings to a college student knowing they can declare bankruptcy the day after
dkf
Jan 2012
#19
Nobody needs to be encouraged to make student loans. The Dept. of Education makes them directly now.
limpyhobbler
Jan 2012
#22
Depends on the student. But declaring bankruptcy has repercussions for at least 7 years
pnwmom
Jan 2012
#26
unpayable student loans should be treated as what they are, a failed investment, watch this video
limpyhobbler
Jan 2012
#29
FYI: Education should be fully funded by the government. It is an investment in society's future.
xocet
Jan 2012
#33
"enormous houses, horses, boats, RV's, retail debt, memberships in this and that"
limpyhobbler
Jan 2012
#38
Isn't denying bankruptcy to all based on irresponsibility of some is painting with a broad brush?
limpyhobbler
Jan 2012
#50
We need to do something to stem the crushing debt, especially from questionable schools.
DirkGently
Jan 2012
#39