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That's where a TARP-like buyback would come into play. Negotiate to buy private student loans and extinguish them also. I know there are charity-type groups tha
by jdmichal 9y ago
That's where a TARP-like buyback would come into play. Negotiate to buy private student loans and extinguish them also. I know there are charity-type groups that do this with mortgages, though I'm having trouble finding any links at this current moment.
But, honestly, I'm not a huge fan of logic lines that sound like, "We can't help everyone, so therefore we should help no one." We should absolutely strive to help everyone we can. And if there's still a population remaining afterwards which requires help, then we can talk about why they weren't helped before and figure out whether and how to reach them also.
- godelski 9y agoAre you talking about things like Rolling Jubilee[1]? They focus on credit card debt. I heard about them YEARS ago, and they were trying to get on student loans back then and it looks like they still haven't been able to do it. [1] http://rollingjubilee.org/ http://rollingjubilee.org/
- jdmichal 9y agoI definitely remember reading about them. They're a good example of the type. It looks like they are transitioning their focus to The Debt Collective, which looks like some sort of play on collective bargaining instead? https://debtcollective.org/ https://debtcollective.org/