News for hackers. Stuff that matters.
Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by iateanapple on Thursday April 30, 2020 @06:09PM (#23036801)
> For a just-graduated person with minimal assets it's not that bad

It is in fact bad.

You can’t just declare bankruptcy and get a high paying job a year later and have no student debt....

When I looked into personal bankruptcy I was told by my lawyer that it would only make financial sense if there was no way I could pay back the amount owed in the next 7-10 years.

Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by WalterBright on Thursday April 30, 2020 @06:25PM (#23036955)
Having a bankruptcy on your record may make it difficult to get that high-paying job, as employers may not look favorably upon it.
Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by wolfgke on Thursday April 30, 2020 @06:40PM (#23037070)
> Having a bankruptcy on your record may make it difficult to get that high-paying job, as employers may not look favorably upon it.

Why? I rather consider this as a sign that the person will be rather loyal as employee because he needs the money ...

Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by WalterBright on Thursday April 30, 2020 @07:07PM (#23037320)
Making a deal and then breaking it can dissuade employers from putting a person in a high trust position. Most business operates on trust, handshakes, and one's word. Contracts are a backup.

Trust is like glass - easy to break, very hard to put back together.

Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by ulucs on Thursday April 30, 2020 @08:10PM (#23037768)
Do Americans really check prospective employees' credit scores? Wow.
Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by jandrese on Thursday April 30, 2020 @08:40PM (#23037980)
Yes. It's the first thing HR runs on every new applicant. Bad credit == danger of mismanaging company money.