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The weak economy and tight credit standards remain the main culprits preventing young people just establishing themselves from making major purchases
The only thing that rubs me the wrong way here is that student debt isn't dischargeable in bankruptcy. That seems unnecessary. Lenders must bear some of the risk that the debt will not be honored.
Basically, something is wrong with offering loans for which there is no "collateral".
It's simply very hard to stop stupid people from doing stupid things.