RE: Bill in Congress to allow discharge of college loan in bankruptcy

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Bill in Congress to allow discharge of college loan in bankruptcy

in finance •  8 years ago 

With the Federal government guaranteeing most of the student loan debt, wouldn't option A be the same as option B?

finance
8 years ago by

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      ·  8 years ago 

    Probably, but when you make the rules you can also rewrite the rules.

    The dollar amount is large enough, that I would think the risk would be spread out amongst multiple parties in attempt to avoid collapse in either the government or the financial sector.

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