“Most of these debts were securitized into student loan asset backed securities, called SLABS. And within this universe of SLABS, there are entire SLABS filled with dischargeable student loans. For example, the SLM Private Education Student Loan 2009-CT Trust is composed of more than 100,000 loans made to students attending unaccredited trade school programs, like cosmetology school, truck driving school, and dog-walking schools (yes, you read that correctly)…”

Read the Bloomberg BNA article