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A comment on Colleges at the breaking point, forcing ‘hard choices’ about education. Parent comment

Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by Spooky23 on Thursday April 30, 2020 @03:53PM (#23035330)
It's a sure thing for the bank. Most of the loans are guaranteed by the federal government.

Student loans only changed to be non-dischargable in the 70s and 80s, driven by certain professions (especially medical) and costs associated with them.

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Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by vonmoltke on Thursday April 30, 2020 @05:29PM (#23036368)
> It's a sure thing for the bank. Most of the loans are guaranteed by the federal government.

Owned and issued, not guaranteed.

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