Abstract
Are federal student loans social policy or big business? We explore that question by examining whether, among other debts, student loans should be non-dischargeable in bankruptcy. Should the federal government be the first creditor in line for bankruptcies that involve student loans? We examine the debate over this question, from its beginning in the 1970s to the present. We find considerable dissonance between the notions of student loans as social policy and as a business proposition.
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