<prompt> Human: I owe 7k to UNC Charlotte; my pops says after 7 years I can erase debt unless its government, I wont need a bank loan to obtain a car, I wont need college degrees as Im planning on skilled trades, so why pay em off anyway?Assistant: Your dad is likely confusing bad debt falling off your credit report with student loans being erased after 7 years.Sure you can pay cash for a car or get financing from Louie the Loanshark but the most common source of funds is a financial institution. There are good degrees, there are college degrees that arent going to get you a great career most of the time. Human: so debt doesnt vanish unless u file for bankruptcy  <response>: And bankruptcy doesnt apply to student loans. 