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A comment on I've Paid $18,000 to a $24,000 Student Loan, and I Still Owe $24,000. Parent comment

Re:I've Paid $18,000 to a $24,000 Student Loan, and I Still ... by user5994461 on Sunday May 20, 2018 @05:05AM (#17111911)
The idea is that students have nothing to lose and a mountain of debt when they graduate, so they should systematically declare bankruptcy to erase the debt.
[ Parent | on HN ]
Re:I've Paid $18,000 to a $24,000 Student Loan, and I Still ... by Turing_Machine on Sunday May 20, 2018 @06:32AM (#17112138)
The bankruptcy would remain on their credit report for seven years (affecting their ability to buy a house, rent an apartment, or perhaps even get a job), so it's not at all correct that they have "nothing to lose".
[ Parent | on HN ]
Re:I've Paid $18,000 to a $24,000 Student Loan, and I Still ... by user5994461 on Sunday May 20, 2018 @07:37AM (#17112309)
It's not like they could repay hundreds of thousands of debt and buy a house within 7 years anyway.
[ Parent | on HN ]