Our bankruptcy laws make it very difficult to default on student loans, but it’s not impossible. Zero Hedge has a primer on how to get your student loans discharged. Details are in the article, but here’s the summary:
Why waste time whining about your debt burden when you can actually do something about it? Meanwhile, if you’re a cynical investor who think we’re at the top of the student loan bubble, then congratulations: thanks to SecondMarket, it will soon be possible to trade student-loan-backed assets–and to short them.
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