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The reason for this is simple, a lender cannot repossess someones education to mitigate the damage.
by sintaxi 7y ago
The reason for this is simple, a lender cannot repossess someones education to mitigate the damage.
- lotsofpulp 7y agoThe reason is because politicians wanted to advertise that they “help” students while also telling taxpayers they can have lower taxes. There was no other reason the government needed to get involved in student loans. So instead of paying for education directly and accounting for it as an expense, the politicians can claim they helped, taxpayers can feel like they helped and save money, and future generations get shafted.