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coupled with changing the law so that this debt is dischargable - like any other - so that the economics of private uni/college also improve alongside (i believ
by maximente 7y ago
coupled with changing the law so that this debt is dischargable - like any other - so that the economics of private uni/college also improve alongside (i believe his proposal is free public college/U).
it currently is not, which is just asinine; it's modern indentured servitude by any other name (naive 18y/o signs up after getting hustled, etc.)
- mempko 7y agoYes, this would be a really good change. As you said, it's insane you can't bankrupt on that debt.
- HappySweeney 7y agoI'm no expert by any means, but isn't this due to the idea that nearly all students would simply declare bankruptcy upon graduation?
- dsfyu404ed 7y agoThat's always brought up but the debt used to be dischargeable and people didn't default on it at any abnormally high rate. With current loan inflated tuition prices I bet there would be a spike in "intentional" bankruptcy as tuition prices plummet towards their new equilibrium.