[quote=earlyretirement]
I’m sure for law students or medical students with good track record, good grades, etc. you will still see student loans even with any possible change in the law.
However, a kids dream of racking up a 6 figure + undergrad degree in Anthropology, Art, History, Philosophy, Drama, Religion, Archeology, etc that has mediocre grades, I think better plan on getting their dreams shattered if there is any change in the law where students can write off student loan debt in bankruptcy.
If so, you won’t see lenders doling out this kind of cash for semi-worthless degrees.[/quote]
I agree completely. There will be money for law students and doctors, but it may not be up to $225K. It could certainly be less and if it’s less those universities providing those degrees will be forced to compete and likely have to reduce prices. That’s the entire goal of changing the way student loans work.
