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There are debt forgiveness programs like PSLF that I expect to become wildly more popular in the future. We're only ever a Presidential election away from dram
by nugget 10y ago
There are debt forgiveness programs like PSLF that I expect to become wildly more popular in the future. We're only ever a Presidential election away from dramatic changes to student loan treatment.
- sokoloff 10y agoAnd with that the risk of the permanent destruction of the market for student lending in the future, meaning college will go back to being a upper-class game.
- twoodfin 10y agoThere is no "market" for (undergraduate) student loan lending any longer, AFAIK. The whole shebang is run by the Department of Education.
- gshubert17 10y agoIf there wasn't so much student-loan money available, would there be more incentives for some colleges to reduce their costs and make their product more affordable. Right now, colleges provide the service (education) and credential (degree). If independent third parties could provide believable credentials, there would be more incentives to find cheaper ways of delivering the services.
- grandalf 10y agoExactly, I think another way of describing this is a bubble.