As we observe the growing discussion over the tremendous amount of outstanding student loan debt, several points of clarification might do us well. There are those favoring relief for debtors now unable to pay their student loans. They have proposed various forms of relief, including several forgiveness programs and re-allowing such debts to be discharged in bankruptcy under more usual circumstances. On the other side are those pointing out that any relief must inevitably put the forgiven debt on the backs of taxpayers, because the loans were federally guaranteed.
Close analysis of this near-crises debt . . .
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