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Allow Bankruptcy on All College Loans

Created by D.R. on February 22, 2015

I'm doing this on behalf of a the article titled "Americans are having more trouble paying off their student debt than their houses" on the thread r/news on Reddit.

This comment inspired it:

"The solution I think is to treat college debt like any other debt and allow bankruptcy on it. In return, make colleges act as cosigners on any student loans. Colleges need to have some skin in the game. Currently they don't care if their students graduate from their programs completely unemployable."

This is a quote from the Washington Post:

"America’s total student loan debt is now nearly $1.2 trillion. One reason the burden is difficult to pay off, Fed researchers wrote: “Student debt is not dischargeable in bankruptcy like other types of debt"

Don't punish the people for excelling

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