And it has the side effect of forcing universities to consider the risks of loaning out hundreds of thousands of dollars for a degree that pays $50k on average.

When students can no longer afford infinite loans, the price of these degrees will magically drop like a rock.

It must be understood that making them dischargeable would make student loans unfeasible - the lending rate to adjust for the risk would be so high that unless it were subsidized it would be impossible to pay.

It would give the people a way out today - a few years of bad credit sure, but worth it if you are really underwater with them.

Maybe after a certain time period but what’s to stop people from declaring bankruptcy immediately after finishing a degree and before working. It’s hard to have a loan backed by no asset that’s dischargeable in bankruptcy and given to people with more debts than assets.

There has to be no federal student debt forward. If there is an admission that they dont work, stop doing them!