re: School loan repayment begins Oct 1st. Students are scrambling to set up loan repayment.

quote:

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If these two conditions existed:

1. the government was not involved in college loans
2. college loans could be discharged with bankruptcy

Then ……. College would cost 35% of what it does now.

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I believe it'd be less than that given those two items.

Actually, #1 is easily the more important of the 2. From the perspective of a bank, Bankruptcy is not all that different than borrowers simply not paying back their loans.