So many young people today think that this is how it always was, and don't realize that it's nonsense. Originally meant to decrease the deficit or whatnot, but having the opposite effect of raising the deficit as the US has become more uneducated and susceptible to ignorance.
Unfortunately a lot of other draconian legislation was passed at that time - see the DMCA, etc. Now that the truth is coming out though, there's hope that some of this can get reversed after 2020 if enough people learn about the true history of controversial issues like these.
https://bostonstudentloanlawyer.com/discharging-student-loan...
But you'll notice that it wasn't really talked about at the time in mainstream news (however, I knew about it as a progressive):
https://www.google.com/search?q=george+w+bush+student+loan+b...
For example, "student" is not mentioned on this page:
http://www.nbcnews.com/id/7575010/ns/business-personal_finan...
So many young people today think that this is how it always was, and don't realize that it's nonsense. Originally meant to decrease the deficit or whatnot, but having the opposite effect of raising the deficit as the US has become more uneducated and susceptible to ignorance.
Unfortunately a lot of other draconian legislation was passed at that time - see the DMCA, etc. Now that the truth is coming out though, there's hope that some of this can get reversed after 2020 if enough people learn about the true history of controversial issues like these.