GMCGeneral
Diamond Member
Student loans cannot be discharged via bankruptcy.AFAIK, the schools can't forgive; they are not the lender. The school simply determines how much borrowing is required based on academic workload, textbooks, average COL, etc. But the debt is either owned by Uncle Sam or private lenders.
The solution is to allow these debts to be discharged in bankruptcy. Since there's so much outstanding debt out there I'm not sure regular bankruptcy would work without destabilizing the higher ed lending ecosystem and the overall economy so there might need to be some tweaks.