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Because for some students the debt is paid off quickly, so in the long run the lower taxes from the state not paying for everyone's education make that student
by b9a2cab5 5y ago
Because for some students the debt is paid off quickly, so in the long run the lower taxes from the state not paying for everyone's education make that student better off. For other students with useless degrees, the consequences of their actions come home to roost with their debt.
That being said I do think student debt should be dischargeable in bankruptcy. As is the market for education is dysfunctional.
- shmerl 5y agoDefine "useful" here. Lot's of people with useful education struggle with paying off their debt. There is something pretty crooked in such attitude.
- b9a2cab5 5y agoObjectively, from the statistics, that's just not the case. Average undergraduate student loan debt in public California schools was $23,600 in 2019 [1]. That is less than the price of most new cars. [1]: https://www.sacbee.com/news/politics-government/capitol-alert/article233713687.html https://www.sacbee.com/news/politics-government/capitol-aler...
- shmerl 5y agoFrom what I've seen, it's not something to be brushed off as "not the case".