Judge rules that student loan debt is dischargeable in bankruptcy
The weird legal protections for student loans seems bizarre to me. The effect of making these loans exempt from bankruptcy just inflates their value which puts colleges into a position where they can inflate their fees - safe in the knowledge that banks will lend practically anything and students have very little choice. But I&#x27;m still left wondering- what is the reason that bankruptcy exists at all, and if there is a good reason, why does that reason not extend to student loans?