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A comment on The U.S. Housing Boom Is Coming to an End, Starting in Dallas. Parent comment

Re:The U.S. Housing Boom Is Coming to an End, Starting in Da... by sokoloff on Tuesday November 27, 2018 @01:47AM (#18540066)
Not being able to expunge education debt is what makes education lending possible.

Otherwise, there’d be a line to file strategic bankruptcy after the last tuition payment was due...

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Re:The U.S. Housing Boom Is Coming to an End, Starting in Da... by aedron on Tuesday November 27, 2018 @05:37AM (#18541182)
Cheap borrowing drives up prices of goods. This is true in housing and it is true in education.
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Re:The U.S. Housing Boom Is Coming to an End, Starting in Da... by EADGBE on Tuesday November 27, 2018 @09:56AM (#18542711)
Revocation of a degree with the dissolving of student loan debt in bankruptcy certainly could work for some.
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Re:The U.S. Housing Boom Is Coming to an End, Starting in Da... by sokoloff on Tuesday November 27, 2018 @01:11PM (#18544899)
That doesn't make the lender whole, though; there's nothing they can repossess or foreclose on.

It's a mild deterrent for some cases, but for a lot of situations, having the degree isn't anywhere near as valuable as having the education.

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Re:The U.S. Housing Boom Is Coming to an End, Starting in Da... by tcbawo on Tuesday November 27, 2018 @09:44PM (#18548858)
Other (less fair) ways of doing it include requiring a co-signer or allocating some assets as escrow. Although, like healthcare, the problem is probably the cost not the financing.
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Re:The U.S. Housing Boom Is Coming to an End, Starting in Da... by thedailymail on Tuesday November 27, 2018 @02:33AM (#18540279)
Why would anyone file for bankruptcy right before paying their last tuition payment?
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Re:The U.S. Housing Boom Is Coming to an End, Starting in Da... by lowpro on Tuesday November 27, 2018 @09:28AM (#18542500)
I think the OP meant “make their last tuition payment to the university”, in other words, they’ve fully taken on the debt of education and are about to graduate.
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Re:The U.S. Housing Boom Is Coming to an End, Starting in Da... by sokoloff on Tuesday November 27, 2018 @12:25PM (#18544359)
Indeed. I'm not quite sure how that was misread.
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