[flamberge]

These students signed for these loans....... No one held a gun to their heads....That does not take away the responsibility of the students who agreed to the loans.

Be that as it may, most of those loans can never be repaid.

That is what bankruptcy laws are intended to deal with.

Oh - wait! Student loans are specifically exempted from discharge in bankruptcy.

So the alternative appears to be a lifetime indenture, or possibly the revival of debtor's prisons. Historically, this sort of thing does not work either.

Other posters have suggested much better remedies, but there are no solutions that recover the stolen money. It is all gone. No appeal to "fairness" or "personal responsibility" can recover very much of it.

The Academic Institutions conned their 18-year old students into signing predatory loan agreements for worthless credentials. They knew what they were doing and it is easy for authorities to fool young people who have no substantial life experience.

The Institutions should pay for what they stole.

Here is the quick summary:

• The Government must stop making student loans.
• Make student loans fully dischargeable in ordinary bankruptcy proceedings - after age 30 or so.
• Claw back some portion of written-off loan balances from the Institutions where the money was spent.
• Close a number of Universities and Colleges. Liquidate their assets for a partial recovery of failed student loans.

[ConservativeMind]

No, student loans should exist through bankruptcy.

Kids need to become adults at some point. Perhaps their squandering of their monies will force them to push for better paying jobs.