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A comment on A Student Loan System Stacked Against the Borrower. Parent comment

Re:A Student Loan System Stacked Against the Borrower by steven2012 on Monday October 12, 2015 @01:41PM (#10375976)
But they are secured. Meaning that if you don't pay, your wages will get garnished, etc. You can't dispose of the debt, so how is that not secured?
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Re:A Student Loan System Stacked Against the Borrower by PeterisP on Monday October 12, 2015 @02:56PM (#10376360)
They are unsecured in that there's no collateral that can be "quickly" (<1 year) repossessed to recover most of the loan, just as any other unsecured debt - credit cards and other consumer lending.

The differences in bankruptcy are not relevant; for student loans the lender can easily be unable to pay for the rest of their lives, thus it's classified as unsecured loan.

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