It all started when they outlawed bankruptcy discharging student loans. Cry and cry over “Lawyers will graduate from college then immediately declare bankruptcy on $5000 loans!”. Then, when they captured the students in inescapable debt, convinced everyone that college was the answer, and then Sallie May being put in charge of defaulted loans… being paid to collect… Federally guaranteed money… It’s like getting paid to get paid, perfect racket!
It all started when they outlawed bankruptcy discharging student loans. Cry and cry over “Lawyers will graduate from college then immediately declare bankruptcy on $5000 loans!”. Then, when they captured the students in inescapable debt, convinced everyone that college was the answer, and then Sallie May being put in charge of defaulted loans… being paid to collect… Federally guaranteed money… It’s like getting paid to get paid, perfect racket!