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Neither of these would be as disruptive as: 3. Student loans no longer survive bankruptcy.
by SeanLuke 6y ago
Neither of these would be as disruptive as:
3. Student loans no longer survive bankruptcy.
- johnnyb9 6y agoIt depends who you want to take a bath, the universities by abolishing student loans or the taxpayer (government) by allowing bankruptcy.
- to11mtm 6y agoI don't think we could do that without also removing the Federal government from the student loan process.
- fortran77 6y agoWhich is why I said stop government-backed student loans. And any effort by a Democratic administration to forgive student loans would be absurd without stopping new ones.
- 0xffff2 6y agoWouldn't it make financial sense for the great majority of people to take as many loans as possible and then immediately declare bankruptcy the day after graduating? Most people don't have any meaningful assets at the end of university, so bankruptcy would be about as painless as it's possible for a bankruptcy can be.