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Student loans and a potential change making them dischargeable in bankruptcy could be a "train...

Student loans and a potential change making them dischargeable in bankruptcy could be a "train wreck" for the economy, but not for Discover (DFS), says President Roger Hochschild. Discover - one of just a few offering loans not backed by the government - is very pleased with the returns it's geting and intends to expand the business, says Hochschild.
Comments (2)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    who is proposing this change.....making them discharged in bankruptcy.....??? I know Obama wil want to do that...afterall education is a God given right to him..actually everything should be free to him...this student loan program is a scam..its a welfare program...it should be cut way way back to people who go to school...I bet 50% of these loans are scammed
    11 Feb 2013, 02:04 PM Reply Like
  • michael28
    , contributor
    Comments (8) | Send Message
     
    Don't believe you have that story quite right. Unlike more traditional loans that can be abrogated through bankruptcy, students loans will follow you to your grave. There is no legal way to effectively avoid repayment. Betting on America's future by helping students get a good education is a pretty good wager in my mind.
    11 Feb 2013, 05:31 PM Reply Like
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