Re:Chinese Companies Are Buying Up Cash-Strapped U.S. Colleges
by rdtsc on Tuesday March 20, 2018 @11:13PM
(#16635061)
> I don’t really understand how there can exist any debt that can’t be bankrupted, apart from federal treasuries.
Because it's debt to get a degree. I don't agree necessarily but the idea is that students would get large loans, go to schools, get a degree, then declare bankruptcy.
I think the GP comments makes a good point that large loans would be harder to get if all of the sudden they knew bankruptcy option is going to considered after graduation.
Because it's debt to get a degree. I don't agree necessarily but the idea is that students would get large loans, go to schools, get a degree, then declare bankruptcy.
I think the GP comments makes a good point that large loans would be harder to get if all of the sudden they knew bankruptcy option is going to considered after graduation.