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A comment on Online installment loans have taken the subprime market by storm. Parent comment

Re:Online installment loans have taken the subprime market b... by heavyset_go on Tuesday October 29, 2019 @12:57PM (#21389356)
> No, it's not a better outcome than if the market was private because frankly no one would graduate with $150k in debt for a degree in basket weaving if private lenders were backing the loans

People get private loans for bullshit degrees all of the time. Lenders don't care, because private student loans are non-dischargeable.

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Re:Online installment loans have taken the subprime market b... by woeirua on Thursday October 31, 2019 @12:45AM (#21405830)
In a privatized system student loans would be dischargeable under the existing bankruptcy laws, as they were before Congress changed the law.
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