Comments by "Peter deWolf" (@StoneShards) on "Nix the Debt Forgiveness Grift and Bring Back Student Loan Bankruptcy" video.

  1. The bankruptcy exception for student loans is incentive for lenders to make student loans in the amounts usually encountered. Without that exception, how is a lender to have confidence of repayment?! Lending teenagers large amounts of money is expectedly risky, but less so when bankruptcy is unavailable to discharge the debt. The idea was to get more kids in college, fulfilling myriad campaign promises. And everything was fine--for a minute and a half...
    1