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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 SkyBelow on Thursday April 30, 2020 @04:42PM (#23035856)
Back when the loans could be discharged this was not at all common, so why would it be so now?
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Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by smooth_remmy on Thursday April 30, 2020 @04:50PM (#23035952)
Because now the internet exists. Back then, probably only a few students knew how to abuse bankruptcy laws.

If bankruptcy laws were abusable by students in the present day, EVERYONE would know how to do it

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Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by cujo on Thursday April 30, 2020 @04:51PM (#23035962)
Because college was infinitely more affordable.
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Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by mhb on Thursday April 30, 2020 @05:21PM (#23036296)
The argument is that you are reversing the cause and effect.
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Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by ulucs on Thursday April 30, 2020 @08:13PM (#23037795)
Loans are unable to get discharged -> banks give more loans -> schools ramp up prices -> loans are now even harder to discharge

It's a positive feedback loop

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Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by mhb on Sunday May 03, 2020 @09:05AM (#23058751)
Right, but there's no feedback. Increasing school prices makes loans harder to pay off, not to discharge in bankruptcy. They can either be discharged or not in bankruptcy.
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