One interesting fact that I read about student loans is that you are far more likely do be in default if you never graduated with a degree (well duh, but still, it makes you think). Kind of goes hand in hand with your "personal responsibility" theory.
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What makes student loans worse in the US is the debt remains even if the debtor declares bankruptcy. This is only for student loans, not other types of debt.
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Yep, it’s a strange carve-out in the bankruptcy law. Not sure what the original rationale was on that one. You can discharge gambling debt (more voluntary) and medical debt (less voluntary) so student debt being excluded makes no sense to me.
Shades of the whole "entitlement" thing. "School failed to give me an education, so I don't see why I should pay these loans. I didn't GET anything."
It's a mindset that goes with the greater "story arc" that life is supposed to have some kind of "easy button." Which — of course — it doesn't.