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A comment on The Long Road to the Student Debt Crisis. Parent comment

Re:The Long Road to the Student Debt Crisis by carlmr on Wednesday September 18, 2019 @04:38AM (#21003377)
Allowing for bankruptcy discharge would lead to less predatory lending (since all of a sudden the banks would have an interest in checking credit-worthiness), and that in turn would lead to universities losing many students if they don't lower tuition costs to reasonable levels again.

Not allowing defaulting on student loans was a huge driver in why tuitions are so high without any added value from the universities.

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Re:The Long Road to the Student Debt Crisis by rayiner on Wednesday September 18, 2019 @04:43AM (#21003411)
The only real lender of significance in the market is the federal government, which makes loans without regard to credit worthiness. That policy is not subject to change for policy and political reasons. What credit check is an 18 year old going to pass for a large unsecured loan? Especially 18 year olds from disenfranchised groups?
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