4 ms·
The focus should be on preventing this “fraud” in the future, but that actually runs counter to the goals of those who are issuing the debt, the same federal ag
by splithalf 6y ago
The focus should be on preventing this “fraud” in the future, but that actually runs counter to the goals of those who are issuing the debt, the same federal agency that is now forgiving the debt, debt which mind you they should not have given out so recklessly in the fist place. When the horrible costs of wanton debt issuance become clear they just scapegoat the “for profits.” Anybody can google the numbers and easily see the student debt crisis is not limited to for profits, it’s a red herring meant to distract from the real problem which is a student debt bubble that was created by a federal agency that had bad incentives.