Quote:
Originally Posted by Nickshu
Or the tax loophole where one could claim bankruptcy the day after graduating and get out of all student loans. This was very popular amongst physicians, a family friend who is now retired after a long career did it, along with several of his classmates. They had no credit or money anyway, were entering 3-6 year residencies, and had nothing to lose. I think that loophole closed in 1986 or 1988.
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I was always told that you can't make college loans go away by filing for bankruptcy. That loan stays with you for life. I think they should pass that burden onto their children. That will make em' think twice about getting out ot it.