Student Loans used to be able to be discharged in bankruptcy - until bankruptcy was "reformed." Called the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, student loans were no longer able to be included in bankruptcy. See the word "abuse" in the title?

Why? Because baby boomers discharged their student loans so much and so often, baby boomer politicos in 2005 made student loans so that they are THE ONLY DEBT that is not dischargeable.

Now these same baby boomers are screaming bloody murder that ol' Joe wants to forgive some debt. Most loans average $35K. Joe wants $10K to go away.

Boomers: Discharge for me; not for thee.


Contrarian, extraordinaire