Why is it treated any differently from other "debt"? Why does it get preferential treatment in bankruptcy? It reflects costs that were incurred, sometimes for Worthless, college degrees, that the borrower cannot pay back.
Historically when you cannot pay your bills, you file bankruptcy and gain a "fresh start". Unless, of course, you have student loan debt (and credit card debt) Why the preference? Why would we now be considering allowing the government to take a direct deduction from YOUR pay check? What makes this a good idea Mr. Politician?
Here's a thought....wouldn't allowing the debt to be discharged cause the lender to be a little more circumspect in how it hand out the loans? Some skin in the game, as it were.
Let the debt be dischargeable. Stop binding our young to years of debt for Worthless college educations that garner them, well, nothing. (Unless you name is Jason Whitlock ;-)
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