...But their loans live on forever! Neat piece by Zac Bissonnette, a precocious 19-year-old at Zoo Mass Amherst who can afford a lot of double consonants in his name:
But there are plenty of four-year colleges willing to take the money of anyone who can pony up -- whether that money comes from parents, the government, or that student's paychecks until he’s old enough to buy a discounted movie ticket. These colleges have seats to fill and bills to pay, and sure, they'd all love to be Harvard, but they'll take what they can get. And student lenders? They have absolutely no incentive to encourage responsible borrowing because they will get paid back -- you can file for bankruptcy 400 times, and your student loans will still be there, with interest and penalties accruing daily.
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