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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
by 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 agoHow 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.