[jatone]

or you know we could just make student loan eligible for bankruptcy.... then just let the courts deal with it as usual.

[throwaway894345]

I'm not inherently opposed to allowing for bankruptcy on student loans, but it will probably have a similar effect--banks won't want to lend to people with no credit or income and college will mostly only be affordable for the kids whose parents can pay for it. It's probably not much worse than the status quo, but my instinct is that we need to account for employability in the financing equation. A teenager shouldn't be able to take out $100K in debt to finance a Master's of Theater. If that's by allowing bankruptcy such that banks have skin in the game to avoid these kinds of debts, then that's probably fine with me (although banks had this same kind of skin in the game leading up to the subprime mortgage crisis and they still fucked over the whole country, so careful regulation is probably needed if we go this route).

[jatone]

bankruptcy has regulation already. you have to actually show an inability to pay, etc.

i'm not suggesting terminating the federal loan program either. just make it possible to default to get out of these situations to ensure they are not predatory.