Making education debts dischargeable in bankruptcy sounds good in theory, but against what collateral do you take out a college loan? Most bankruptcy includes collateral liquidation. What's to stop someone from obtaining a useless degree that doesn't contribute to the nation's economy, and then discharges the debt in bankruptcy?
I think a big part of the problem is that debt is so readily issued for degrees that overwhelmingly leave the recipient incapable of providing for society in gainful ways.
I think a big part of the problem is that debt is so readily issued for degrees that overwhelmingly leave the recipient incapable of providing for society in gainful ways.