Hacker News new | ask | show | jobs
by eesmith 656 days ago
You need to wind the clock back. Why did the loan agency authorize granting such a risky loan?

It's not only the student who made the poor financial choice. The government chose to back that loan, and the government chose to make it harder to discharge that debt, and the government chose to provide loans to students attending for-profit colleges, which have a higher rate of student defaults.