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Student loans are also some of the only debts that can't be discharged through bankruptcy.

• branchless 11y ago
  Because they are serfdom. Hand over a chunk of your labour or you can't play. Get past this gate and next I'll introduce you to the land usurers. It amazes me on this page the number of people who are wrestling with various ideas whilst labouring under the axiom that money creation mirrors expended effort. That's exactly how you don't get rich. Here's a recipe for getting rich: 1. get a privileged position of money creation 2. get the state to underwrite your losses 3. issue as much of it as you can 4. do not spend money on doing actual shit if you can help it
• zackmorris 11y ago
  The simplest answer tends to be the right one. Allow student loan debt to be discharged in bankruptcy and that will create pressure to not loan as much, and to keep interest rates low to prevent default. That will in turn put pressure on tuition to be low. The cognitive dissonance of idolizing the power of the free market, while special casing student loan debt, is somehow lost on a lot of otherwise rational people.
  • vmateixeira 11y ago
    How about if students stopped going to colleges? Clearly students are being fooled into a slavery model. College + car + house and you're done for life. At first, I think there is not point on going to college if companies/market are not willing to hire/demanding the skills you want to improve. Also, companies co-op with colleges by promoting higher salaries for certain college degree ... which the end up not paying anyways. Hence, there is no point on going to college. If you don't go, you won't have a loan to pay and colleges will be short on students. The education cost will have to come down in such situation if colleges want to survive.