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.
“ 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!