All other unsecured debt disappears after what seven years but this university d... | Hacker News

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		idunnoman1222 on Sept 14, 2024 \| parent \| context \| favorite \| on: How America's universities became debt factories All other unsecured debt disappears after what seven years but this university debt is somehow guaranteed?? That’s why this happened.

rufus_foreman on Sept 14, 2024 [–]

Absent a government guarantee, what lender is going to lend to people with no job, assets, or income?

Students' parents would need to co-sign, and if the parents were poor, the student would be out of luck.

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