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by larrywright 2231 days ago
Correlation isn’t causation, but the dramatic rise in college costs began when student loans became easy to get.
1 comments

They became easy to get because lenders knew their loans were non-dischargeable. That completely changes the risk equation and to act like it doesn't is an exercise in bad-faith.
Federal student loans have been non-dischargeable since the 90s, and this problem has been building since then. Federal student loans also make up over 90% of student loan debt, and since 2010 have been issued solely by the Department of Education. Also, not all private loans are non-dischargeable.

No-dischargeable private loans are such a small portion of the problem that they are effectively irrelevant.