Why isn't student loan debt dischargeable through bankruptcy?

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Originally Posted by NJCardFan

As I said, if you declare your student loans in bankruptcy, you should have to forfeit your degree. Seems fair considering if you claim your car loan you forfeit your car.

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Another idea: If you can't find a job to apply your degree to within five years after college, you get your money back.

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Originally Posted by Lanie

Another idea: If you can't find a job to apply your degree to within five years after college, you get your money back.

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I'm sure that would go over well when all the affirmative action beneficiaries started reporting back for refunds, but then again how many of them paid for their education anyway.