Assuming a traditional college student, declaring bankruptcy at 22, with no credit history to speak of, on the one significant debt you have ever been granted, will destroy your credit for at least a decade.

Also, many loans are co-signed, so it isn't just the student affected by bankruptcy.

> Also, many loans are co-signed

Which suggests an industry will simply pop up of lending to parents. Probably wealthy ones.

Anything that doesn't address the ticket price is simply squeezing around air in the balloon.

> How many fresh graduates would not be bankrupt immediately upon graduation?

Student loans can be made more easily dischargeable in bankruptcy without being treated as general unsecured debt immediately.

I never declared bankruptcy, but I did look into it. As I understand it, it's a legal proceeding and you can be denied the request if a judge concludes it's a frivolous claim.