This seems odd to me because bankruptcy doesn’t currently get rid of student loans (which is completely wtf, but that’s another issue); maybe the student loan payments got so onerous that they got into other debt?
Federal student loans have exceptions to bankruptcy. Private student loans are subject to normal bankruptcy proceedings--much though they may imply they are not.
Ahhh, I wasn’t even thinking about private loans; yeah, that makes sense!
“ student loans (25.5%)”
This seems odd to me because bankruptcy doesn’t currently get rid of student loans (which is completely wtf, but that’s another issue); maybe the student loan payments got so onerous that they got into other debt?
Federal student loans have exceptions to bankruptcy. Private student loans are subject to normal bankruptcy proceedings--much though they may imply they are not.
Ahhh, I wasn’t even thinking about private loans; yeah, that makes sense!