### Comment:
you cannot default on student loans in the united states. i wouldn't say they're backed by nothing.

### REPLY:
They just can’t go away in bankruptcy. If you don’t pay, it’s a default. If you can’t pay, they can’t take money you don’t have and as far as I know they can’t seize assets. 
  
 I’m shorting the securitizers, the companies holding portfolios of student loan abs(slabs).  
  
 Putting the shorts in little at a time. Starting with the originators and securitizers because as they start to have to start winding down their stock will drop

### END.