Originally Posted by Bostonian
Originally Posted by Dude
I'm not sure where you missed the part where student loans are not dischargeable debt. http://www.finaid.org/questions/bankruptcyexception.phtml
But they are "forgiveable". Banks cannot compete with a lender that will forgive debt for political reasons. The overall cost of this loan forgiveness concerns me, and I am further irked by the special treatment of people working for the government and for non-profits (forgiveness after 10 years of payments, vs. 20 years for other people), as if the former group were more noble.

Indentured servitude was only for 7 years, so we seem to be going in the wrong direction.