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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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.