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goobster · 2531 days ago · link · · parent · post: The New York Times is entirely too blase about these statistics.
Oh... and when they increase your debt right at the time you are least able to pay it (when you are unemployed)? Yeah. Bankruptcy doesn't help. Sallie Mae has protected student debt from bankruptcy protection. So even if you go bankrupt (I have many friends who have), the day after you get out of court, having lost all of your belongings and job... there's a bill from SallieMae for your student loan payment in the mailbox. Due in 30 days.