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No, what happens is you go to jail

by HullieAndMikes, Joe Turner's bookcase, ALHS, Thursday, February 27, 2014, 16:46 @ HumanRobot

Sallie Mae won't need to be bailed out because you can't really default since you can't get rid of student loans in bankruptcy. Congress exempted the debt.

They'll just lard on interest until you die in prison. They have actually started trying to put people away for defaulting.

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