Written By: Ishaan Raja Back in fifth grade, I ran a small lending business. It was meant for other kids who had forgotten their lunch money that day. I would buy them lunch, with the expectation they would pay me back the cost plus one dollar in interest the next day. Business was good until a loophole was discovered. I could not actually force anyone to pay their loan, and I could not take back the lunch they had already eaten. Although this lending practice was vastly different from how large banks operate, there are still some shared principles that would cause dischargeable student loans to have terrible consequences. There are two types of student loans that people can take out for education: federal and private. Private lenders often have strict requirements, and will adjust interest rates to mitigate their perceived risk on the loan. Unlike private loans, federal student loans have fixed interest rates and very relaxed qualifications. The Parent PLUS loan program, for exam...