CERF Blog
Yesterday I argued that student loans should be dischargable in bankruptcy. Given that they are not dischargable, an economist would expect to see insurance available, insurance that would pay the loan if students were incapable of paying it themselves. Since we don’t see the insurance, I assume the reason has to do with asymmetrical information… Read more
Not allowing student loans to be discharged in bankruptcy under any conditions is simply barbaric, just one step away from debtors prisons.
