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A comment on White House Might Put Colleges on the Hook for Student Loans. Parent comment

Re:White House Might Put Colleges on the Hook for Student Loans by scrooched_moose on Tuesday March 12, 2019 @04:20PM (#19372574)
That, plus the fact that it's for an intangible asset that can't be repossessed.

If they give an 18 year old $30k for a car purchase they come take the car when you don't pay and get most of their money back. There's no way to seize a diploma to recover their money.

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Re:White House Might Put Colleges on the Hook for Student Loans by magduf on Tuesday March 12, 2019 @04:47PM (#19372845)
You can garnish their wages. Student loans cannot be discharged in a bankruptcy, so students are on the hook for them for life unless the lender writes off the loan.
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Re:White House Might Put Colleges on the Hook for Student Loans by dragonwriter on Tuesday March 12, 2019 @04:49PM (#19372863)
> Student loans cannot be discharged in a bankruptcy

Student loans can be discharged in bankruptcy, but it is harder than other unsecured debt.

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Re:White House Might Put Colleges on the Hook for Student Loans by magduf on Tuesday March 12, 2019 @04:52PM (#19372889)
You're right, apparently you can file a lawsuit within a bankruptcy proceeding to show that the student loan imposes an unreasonable burden. Not as easy as other debt of course.
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