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If you have $200k of student debt, yeah, sure... but you probably wouldnt even get that much credit, and you'd have to pick a cheaper college. Going bankrupt wi
by ajsnigrutin 5y ago
If you have $200k of student debt, yeah, sure... but you probably wouldnt even get that much credit, and you'd have to pick a cheaper college. Going bankrupt with eg. $30k debt is a lot harder, because you can realistically pay that back in some sane amount of time.
Colleges will have to adapt though, because there are not that many rich people to sustain such high prices.
- criticas 5y agoColleges have already adapted - they've widened the net, looking for rich parents globally. They admit more foreign students, who pay full rate. That's particularly controversial for public schools because of taxpayer funding.