Why are US student loans nearly impossible to remove via bankruptcy?

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The Politicus
Apr 27, 2021 12:24 PM 0 Answers
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In the United States it is very hard to get rid of student loans. They cannot be discharged in bankruptcy except for under extenuating circumstances. I find that bizarre given how people are encouraged to go to school but this law discourages lower income individuals from making it to schools.

I've heard that this was a part of a bankruptcy law signed in the early 2000s, but I don't remember what it was called. What is the motivation behind this decision?

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  • April 27, 2021