Something I should say more often

[MadMojoMonkey]

The worst student loans to get away from are the gov't loans. If you declare bankruptcy at any time, non-gov't loans can be included in the resolution, but your gov't student loans cannot be.
They're a more permanent and unforgiving type of loan, and of course, they're the most reliably easy loans to get approved, so most students use them.

It's a bit of a racket, IMO, but I needed the money they were offering and I accepted the terms of their loan, so I'm stuck with it.

[wufwugy]

The worst student loans to get away from are the gov't loans. If you declare bankruptcy at any time, non-gov't loans can be included in the resolution, but your gov't student loans cannot be.
They're a more permanent and unforgiving type of loan, and of course, they're the most reliably easy loans to get approved, so most students use them.

It's a bit of a racket, IMO, but I needed the money they were offering and I accepted the terms of their loan, so I'm stuck with it.

You're 100% right. This government "assistance" is encouraging debt, and the economy is taking on greater risk because of it. Same thing that government programs caused in the risky asset problem that contributed to the Great Recession.