Congress needs to again allow student loan debt discharged thru bankruptcy. It was until the Post ran a story in the ‘90s on two med students that bragged they intended to avoid payment thru bankruptcy when they graduated. Although very few were doing this cheat, the hysterical congress changed the law…meaning thousands of people that were bad risks got bad loans from bad lenders who knew they’d eventually be paid.
Congress needs to again allow student loan debt discharged thru bankruptcy. It was until the Post ran a story in the ‘90s on two med students that bragged they intended to avoid payment thru bankruptcy when they graduated. Although very few were doing this cheat, the hysterical congress changed the law…meaning thousands of people that were bad risks got bad loans from bad lenders who knew they’d eventually be paid.