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> Make student loans no longer exempt from bankruptcy. The other problem is that education can not be retroactively taken from them. But garnished wages can.
by warmwaffles 6y ago
> Make student loans no longer exempt from bankruptcy.
The other problem is that education can not be retroactively taken from them. But garnished wages can.
- evilduck 6y agoMaybe we should set student loan rates to reflect the actual risk being assumed instead of offering deceptively low interest rates with the fallback of modern indentured servitude. People might think twice about going to school if their student loan interest rates reflected the actual risks they were taking on.
- ryandrake 6y agoExactly. Currently, since students cannot get rid of student debt, student loans are essentially risk-free for banks. They should be required to lend at the risk-free rate.