• @ChonkyOwlbear
    link
    12 days ago

    And if they were private loans, they would be different how?

    • @[email protected]
      link
      fedilink
      1
      edit-2
      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
        link
        1
        edit-2
        1 day ago

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