TALK OF MAKING PRIVATE STUDENT LOANS dischargeable in bankruptcy. I’d favor that, with a 5- or 10-year waiting period and a requirement that colleges be on the hook for part of the loss.
Woudn’t be surprised to hear Obama push something like this between now and the election. Republicans might want to get out in front of him on this. Too many people are too deep in student loan debt, but too many schools have taken borrowed money to pay for insubstantial degrees.