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A comment on Of 55 students in my class at Columbia’s Film program, 4 made a career out of it. Parent comment

Re:Of 55 students in my class at Columbia’s Film program, 4 ... by klipt on Tuesday July 13, 2021 @09:00PM (#27828261)
What if we put a time limit on it? Say that student loans can be discharged in bankruptcy only 10 years after graduation?

Then few students would want to stay poor for ten years just to get rid of loans. But lenders would also have incentive to not back very poor career paths.

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Re:Of 55 students in my class at Columbia’s Film program, 4 ... by steveBK123 on Tuesday July 13, 2021 @09:31PM (#27828477)
Then private loan terms would change to a max of 10 years, thereby increasing the monthly costs due to accelerated payback.
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