Re:College has been oversold
by dustyscreams on Wednesday November 02, 2011 @02:31PM
(#3188249)
If student loans were dischargeable in bankruptcy lenders would think much harder about the wisdeom of lending $40k/year for liberal arts degrees. Colleges would have to reconsider what they charge for such degrees and students would have an important market signal when choosing a course of study.
[ Parent
| on HN ]
> If student loans were dischargeable in bankruptcy lenders would think much harder about the wisdeom of lending $40k/year for liberal arts degrees.
Not if the lender is the US govt, as it is today.
Not if the loans are guaranteed by the US govt, as it was before.