Should Private Student Loans be Non-Dischargeable?

Should student loans issued by private for-profit lenders be eligible to be discharged under the Bankruptcy Code?  Rep. Steve Cohen (D-Tenn.) just introduced H.R. 2028, the "Private Student Loan Bankruptcy Fairness Act," which would allow private education loan debts to once again be erased in bankruptcy just like other types of debts.

The full text of the bill is here.