Student loans were forgivable through bankruptcy until the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. In 1976 there were some limitations put in place for the first 5 years, but student loans not ever being forgivable in bankruptcy is relatively recent.
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[ 4.1 ms ] story [ 12.1 ms ] threadThe terms of Student loans included them being not forgivable even in bankruptcy, didn't they?
Doesn't seem terribly equivalent.