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B4 we rush to blame all student debt on Reagan: remember, until 1978 students going into debt for college (I was one of them at the time) had a very simple device for discharging it. It was called bankruptcy. As of the 1978 Bankruptcy Reform Act, with bipartisan support and signed by Prez Carter, bankruptcy ceased to be a remedy, The consequences have played themselves out ever since. https://crsreports.congress.gov/product/pdf/R/R45113