4 ms·
Is there any debt that you would like your tax dollars to help repay? For example, do you want to get rid of bankruptcy? FWIW, Mills college doesn't require S
by eesmith 6y ago
Is there any debt that you would like your tax dollars to help repay?
For example, do you want to get rid of bankruptcy?
FWIW, Mills college doesn't require SAT or ACT scores.
- fortran77 6y agoNo. I don't want to get rid of bankruptcy. And for the most part, the cost of bankruptcy is baked into the cost of private loans.
- eesmith 6y agoStudent loans are not usually discharged by bankruptcy, which means students take on almost all risk and the cost for the lending agency is not "baked in". Your view seems to be that students in general (but especially smart student) should be more knowledgeable about risk than anyone taking out regular loans, and more knowledgeable than lending agencies. Which doesn't seem right. Surely your ire should also be directed towards the laws which encourage lending agencies to lend to obviously financially irresponsible teenagers, yes?