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A comment on Student Debt Lawsuits Are a Lucrative Business. Parent comment

Re:Student Debt Lawsuits Are a Lucrative Business by eli_gottlieb on Tuesday November 14, 2017 @12:05PM (#15696876)
>If we didn't prevent it, then you'd be stupid to not go to college take out $120k in loans and then declare bankruptcy at 22 prior to taking a job (you'd have no income and no assets).

If you'd be stupid not to do it, how many people have actually done it? If it was actually done at a certain rate, why wasn't that rate priced in?

>IMO the only way to solve it is to put the school on the hook for part of the $$ if the default rate exceeds X%.

This is a pretty good proposal.

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Re:Student Debt Lawsuits Are a Lucrative Business by ChrisBland on Tuesday November 14, 2017 @01:48PM (#15697948)
You can't discharge student debt in bankruptcy so no one has done it
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Re:Student Debt Lawsuits Are a Lucrative Business by dragonwriter on Tuesday November 14, 2017 @01:53PM (#15697993)
> You can't discharge student debt in bankruptcy

Yes, you can, it's just more difficult than other unsecured debt. This is a distressing popular myth which leads people to fail to explore their options.

https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancell...

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Re:Student Debt Lawsuits Are a Lucrative Business by eli_gottlieb on Tuesday November 14, 2017 @04:55PM (#15699539)
Once upon a time it was legal, so if it was smart, people would have done it back then.
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