Dec 10, 2010 17:08
So, if you declare bankruptcy, your student loans remain unaffected, even if you can't pay them. Now, I've known this for years, because when I took out my student loans it was one of the things in all the promissory agreements that I had to sign. But I didn't really know it until recently.
Nigel and I are declaring bankruptcy. This is something you can do every 8 years and it wipes out all your "consumer debt", such as your unpaid credit cards and shit. You run up a massive credit card bill and can't pay it off? You're golden; you can declare bankruptcy, not have to pay for the shit you bought, and still keep your home and your stuff (up to a certain, eminently reasonable, point--for instance, after covering all of the stuff we actually own, Nigel and I still have about $19,000 worth of unused exemptions left over).
But if you go to college, well, then, you must be made to pay.
Now. Is it just me, or does this fundamentally come down to punishing poor people for having the temerity to think they might have had the right to an education? It's worse to go to college if you can't pay for it than to buy a bunch of shit you don't need that you can't pay for? Really, America?
I am fucking tired of this country.