What makes a student loan so sacrosanct? We as a society allow for all kinds of debt relief on amounts far greater than school loans. Why are school loans specifically rigged to be impossible to be discharged?
For example, a person who never took out a school loan but bought a million dollar house in CA with a federally backed mortgage at the top of the market defaults, declares bankruptcy, accepts the consequences and the taxpayers get stuck with a half million dollar bill. How is that better than a 20 to 100k dollar school loan?
I do not want to subsidize bad behavior but it is surreal to argue that some debt should and some debt should not be dischargeable.
Debts to the Govt. get special treatment. Try to stop paying a debt to the IRS...
I’d rather get rid of bankruptcy laws altogether. They’re just fancy welfare.