• Manmoth
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    2 days ago

    More often than not the loans wouldn’t be granted because there wouldn’t be any collateral and the student could simply declare bankruptcy and get rid of the debt. College would have to be cheaper so people could actually afford it.

    • ChonkyOwlbear@lemmy.world
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      1 day ago

      Except student loans, public or private, cannot be discharged by bankruptcy specifically so people can’t do what you suggest.