3 ms·
if I were the feds, I would stop underwriting student loans and make any new loans dischargeable under bankruptcy. probably a good thing neither of us actually
by leetcrew 6y ago
if I were the feds, I would stop underwriting student loans and make any new loans dischargeable under bankruptcy. probably a good thing neither of us actually gets to decide.
- mshumi 6y agounderwriting cap and dischargeable in bankruptcy would do it
- leetcrew 6y agoI think the first part is already true? "underwrite" was probably the wrong word to use in my original post. the federal government doesn't really underwrite loans anymore; it directly issues them. the federal loan options all have yearly limits already. if I understand correctly, the remaining private loans are actually not underwritten by the federal government. but anyways, I don't really see the point in having the federal government issue loans knowing it will end up forgiving a large chunk of them. why not just package that money as grants to the neediest students instead?