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A comment on Judge rules that student loan debt is dischargeable in bankruptcy. Parent comment

Re:Judge rules that student loan debt is dischargeable in ba... by bogomipz on Monday January 13, 2020 @07:28AM (#22033831)
>"1. If it becomes possible to get out of student debt through bankruptcy, then there must be additional collateral posted by the debtors."

Could you elaborate on this? Would that collateral just be a higher cash to loan ratio on the part of students or are you referring to something else?

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Re:Judge rules that student loan debt is dischargeable in ba... by clarkmoody on Monday January 13, 2020 @10:21PM (#22041506)
Parents could put up a portion as cash. They could also stake the house or car on it -- some tangible property to repossess, just like other loans.

Since students basically have zero assets, another commenter pointed out, the more likely scenario is simply higher interest rates due to the increased risk to the lender.

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