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A comment on Woman takes 70k federal student loans in 2008, pays total of 60k, still owes 70k. Parent comment

Re:Woman takes 70k federal student loans in 2008, pays total... by duxup on Friday December 13, 2019 @10:59PM (#21787703)
Well you don't take out a loan for an entire education on day 1 so I'm not sure just 18 is when $70k happened.

But if they aren't capable of making such a decision, do we want to go down the road of saying they can't take out a loan?

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Re:Woman takes 70k federal student loans in 2008, pays total... by cjbprime on Friday December 13, 2019 @11:26PM (#21787813)
I'm okay with allowing them to take out the loan, let's just not pretend it's actually done through fully informed adult consent. And if we're willing to do that, perhaps we'll decide to allow student loans to be discharged at bankruptcy, which they currently aren't.
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Re:Woman takes 70k federal student loans in 2008, pays total... by duxup on Friday December 13, 2019 @11:34PM (#21787832)
I feel like the bankruptcy option would simply lead to the logical choice of declaring bankruptcy after college...and the collapse of any loan system.
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