all right, to be fair, they do deserve a fresh start... mostly. but student borrowers deserve that option too. now that doesn't mean everyone's going to run out and file bankruptcy, or that they even should. there's something much bigger at play here. - in the absence of the threat of bankruptcy, you open the door for widespread abuse by the lenders. - without bankruptcy as an option, college lenders now frivolously lend out as much money as they can to anybody who wants to apply because repayment is guaranteed. it's up to the student to pay it back no matter what. there is no bankruptcy option. - the lenders know you can't run, you can't hide. so this essentially gives them a license to steal. - when lenders have no incentives to restrict who they're lending to or how much to loan out, guess what happens to tuition costs? - the colleges raised their price,