Quote:
Originally Posted by Delgar
You should be kidding, but guess you aren't. There is an underlying reason for every piece of legislation, and onetwo threefour hit that reason on the head in so much as one would be expected to on a message board.
I'd go a little farther than his answer though and I think that if student's loans were dischargable debt, there wouldn't be student loans. The risk that students would take advantage of the BIA's one-free-ride (the automatic discharge after 9 months) would so great that the interest rate would be high to the point nobody who actually intended to pay it back would take such a loan out, or further, the government wouldn't offer them since it could make them look like loan sharks.
Its not philosophy, its reality.
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Thanks. Your further reason is a fleshed out version what I was trying to say in my last sentence, but I was getting a little obscure in my explanation by that point.
In my own defence, I thought the original question was exactly what I answered. "Why doesn't the government want to let you off the hook on student loan debt through bankruptcy compared to other debt?" is the most obvious interpretation of the original question in my opinion. I did say I wasn't trying to be pedantic (although as a solicitor, being pedantic is my job), I was trying to answer the actual question. If the cop-out thing was offensive, I'll take it back, I honestly didn't think anyone was looking for an answer of "You can't do it, because the law says you can't." Otherwise, why ask "in comparison to other debt?"
At any rate, I certainly don't want to start some sort of conflict, I really just wanted to flesh out the details becasue if I had asked that question, that's what I would have wanted to know. I personally wouldn't get offended by the 'cop-out' remark, so if you feel the need to use it with respect to an answer I give, feel free. Anyobdy who volunteers professional advice or education, including Rocky, should be commended, and why not try to develop some business as well? Of course if you do throw info out there in the wild, youhave to expect others to comment on or even critique what you're saying.