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How do you propose this working given the fact every student (who isn't from a well off family or didn't get lots of scholarships) comes out of college with nea
by astura 8y ago
How do you propose this working given the fact every student (who isn't from a well off family or didn't get lots of scholarships) comes out of college with near zero assets and lots of debt. Have a X number of year waiting period?
- JumpCrisscross 8y ago> How do you propose this working given the fact every student (who isn't from a well off family or didn't get lots of scholarships) comes out of college with near zero assets and lots of debt Bankruptcy is a court-mediated process. > Have a X number of year waiting period? This would be a necessary first piece. One needs a few years of income data to establish how much someone can pay. After that, I'd argue for % of discretionary income payments (up to a dollar cap) for N years, after which the unpaid balance (both principal and interest) are written off.