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A comment on US Household Debt Surpasses 2008 High. Parent comment

Re:US Household Debt Surpasses 2008 High by mobilefriendly on Thursday May 18, 2017 @02:41AM (#14365262)
Check your facts, most student loan debt hasn't been dischargeable since the 1970s. The 2005 change allowed for-profit banks to get in on the game.
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Re:US Household Debt Surpasses 2008 High by acdha on Thursday May 18, 2017 @09:06AM (#14366838)
Student loan debt now is also far more common and larger as a percentage of expected income than it was back in the 70s. The University of California didn't start charging residents tuition at all until the mid-1970s and didn't really ramp up until Governor Reagan slashed the budget:

http://www.dailycal.org/2014/12/22/history-uc-tuition-since-...

If random internet sites are to be believed, the $630 combined tuition plus fees in 1976 is roughly $2k today. An awful lot of students could manage that without aid.

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