American Airlines, GM, Kodak, Texaco, Sbarro, Six Flags, all went bankrupt.
Business do this all the time.
Donald Trump did this 7 times.
Apple almost went bankrupt until MSFT saved it.
The federal government literally is in more debt than at anytime in history.
Debt funds literally everything in the world.
Saying that it's ok for these businesses to go bankrupt, and some even get govt bailout, but not a student, is an hypocritical nutty take.