How much are your loans?

polarscribe
Thu, 06 Jan 2011 12:02:50 +0000

It would be the free market at work if student loans were dischargeable in bankruptcy like every other debt. Lenders would be more cautious about the amount of loans they’d offer.

As it stands right now, the banks have no incentive not to pile six-figure debt on every prospective college student they can get their greedy little fingers on.