Why can't student loans be defaulted on in a chapter 7 bankruptcy?

[mprush12]

Why can't student loans be defaulted on in a chapter 7 bankruptcy? If someone is declaring bankruptcy, they have no money to pay their bills. So how does the system expect the person to payback a massive student loan? (ie. $53,000.00)

[feanor]

That's because a bunch of students in the 80's pulled that scam and so they shut that loophole down.They graduate with a bunch of student loans, declare bankruptcy and then the various lenders including the Federal government was left holding the bag.

[John M]

get a job and work to pay it off. Nobody would give student loans out if they could be erased by bankruptcy.$53,000 is not massive. They give you a long time to pay them off, and at a subsidized interest rate. I know, I had them when I was younger and I paid them all off on time. They were a great deal and I hope people like you don't screw it up for the next generation by trying to get something for nothing.

[luvfurypassionenergybabe]

Would you want everyone else to be able to write off money borrowed from the Federal Government? When federal government money is lost, borrowed, or earned it affects everyone. It is the citizens money. You would be scamming the general population out of that money,not just a credit card company.