You forgot the most important part. The people agreeing to these debts, by definition, do not have an education in complex debt instruments that cannot be discharged.
Taking our a vast loan to study English literature might seem unwise, but it’s something I could definitely see a starry eyed 17 year old deciding to do.
Taking our a vast loan to study English literature might seem unwise, but it’s something I could definitely see a starry eyed 17 year old deciding to do.