3 ms·
> We just need to make student loans dischargeable through bankruptcy, and all of these problems will be fixed. Lenders will stop lending children hundreds of
by LeifCarrotson 10y ago
> We just need to make student loans dischargeable through bankruptcy, and all of these problems will be fixed. Lenders will stop lending children hundreds of thousands of dollars to get a European history degree, tuition fees will implode...
And lenders will also stop lending children a few tens of thousands of dollars to go to a reasonably priced state school and get an education that's valued by the job market. This can allow them to escape poverty and have comparable equality of opportunity to the children whose parents happen to be wealthy.
Taking away student loans is not fair to those kids.
- vkou 10y agoThe government should be directly subsidizing education for the poor. In the long run, it's a lot cheaper then letting them continue to be poor. There are ways to do this, and, at the same time, limit upward price pressures. Also, it does so already, as if you default on your student loans, the lender still gets paid - but the government foots the bill.