[bluejay2]

I can't reply directly to the poster who asked:

> why wouldn't that apply to credit card debt?

So I'll just leave an answer here. Credit cards, when they are issued to college-aged kids with little to no income or assets, are typically issued with very small credit lines (i.e. we're talking much smaller amounts than students loans) and/or require a co-signer, like a parent with an established credit history.