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What if we put a time limit on it? Say that student loans can be discharged in bankruptcy only 10 years after graduation? Then few students would want to stay
by klipt 5y ago
What if we put a time limit on it? Say that student loans can be discharged in bankruptcy only 10 years after graduation?
Then few students would want to stay poor for ten years just to get rid of loans. But lenders would also have incentive to not back very poor career paths.
- steveBK123 5y agoThen private loan terms would change to a max of 10 years, thereby increasing the monthly costs due to accelerated payback.