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Let me preface this by saying I 100% don't see this happening anytime soon...but. Would you prefer we just keep going at this pace and hurting future students

• rhino369 7y ago
  You don’t have to cancel old debt to protect future students. Just ban student loans. In fact a one time cancellation could screw future students because they’ll expect the same. And it might not happen.
• prewett 7y ago
  Making student loans dischargable by bankruptcy again would be a much better solution. Not only does Sanders' suggestion not solve the problem, it hurts people who did actually pay off their debt. Whereas the problem fixes itself if bankruptcy can wipe out student loans: loaning institutions would be more careful about loaning money. Right now they are guaranteed to get the money back, so if you want a $100k loan to study Aboriginal Literature, sure no problem. If they had to think about whether you could ever pay off that loan, they might think it's a problem, and then the Department of Aboriginal Literature might have to rethink their tuition and/or cost structure.
  • javagram 7y ago
    Almost all student loans are from the federal government now anyway, so in reality they’d probably just keep loaning the money since the government doesn’t care about losing it. You’d probably have to get rid of the government-run student loan program at the same time as making the loans dischargeable in bankruptcy to really get something working properly, I’d think.