The problem is not the availability of bankruptcy as a way out of student debt. The problem is that the cost of attending a university these days is entirely too high, and the incurring of debt required to attend a university these days happens way too cavalierly.
We need to re-assess the efficacy of our system of higher education, and not blindly encourage high school graduating students to attend a university. There are better, less expensive and more efficient ways of gaining the knowledge necessary to obtain wealth that needs to be taken into consideration--apprenticeships, military, trade schools, etc.
If that happened, that big education bubble might just burst, and the problem would fix itself as a process of supply and demand.
We need to re-assess the efficacy of our system of higher education, and not blindly encourage high school graduating students to attend a university. There are better, less expensive and more efficient ways of gaining the knowledge necessary to obtain wealth that needs to be taken into consideration--apprenticeships, military, trade schools, etc.
If that happened, that big education bubble might just burst, and the problem would fix itself as a process of supply and demand.