This is one of the most ridiculous things I've heard suggested yet. It goes against every value of fairness we hold. ... I have little empathy for people with

This is one of the most ridiculous things I've heard suggested yet. It goes against every value of fairness we hold. ... I have little empathy for people with student or credit card debt. You took a deal knowing the terms full well, you have no right to complain that you owe the money you already spent but never earned. What a load of horse shit. Once student loan debt couldn't be discharged through bankruptcy it fell to the perils of moral hazard. You want to pursue an English Literature degree at Harvard, by all means proceed, if that person footing the bill[2] then has skin in the game as to whether that debt can be repaid. My solution to the student loan crisis, federalize all Sallie Mae [1] loans, let the lenders take a bath like when Washington Mutual was federalized during the Recession and then let a real market start underwriting student loans. [1] https://studentaid.ed.gov/sa/ https://studentaid.ed.gov/sa/ [2] Edit: original was person/lender