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Loans are unable to get discharged -> banks give more loans -> schools ramp up prices -> loans are now even harder to discharge It's a positive feedback loop
by ulucs 6y ago
Loans are unable to get discharged -> banks give more loans -> schools ramp up prices -> loans are now even harder to discharge
It's a positive feedback loop
- mhb 6y agoRight, but there's no feedback. Increasing school prices makes loans harder to pay off, not to discharge in bankruptcy. They can either be discharged or not in bankruptcy.