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There isn't much of a market for market forces to act upon. The overwhelming majority of student loans are made directly by the government with terms and underw
by bradleyjg 8y ago
There isn't much of a market for market forces to act upon. The overwhelming majority of student loans are made directly by the government with terms and underwriting (or lack thereof) set by Congress, not competition.
- gwright 8y agoIt isn't specifically said, but I assumed that the parent was implicitly suggesting a switch back to private loans with market mechanisms instead of the current government loan mechanism.
- bradleyjg 8y agoIf so, the post buried the lede. That’d be a bigger change than allowing them to be discharged in bankruptcy.