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Allow students loans to be forgiven 10 years after graduation through bankruptcy. Then expensive programs that don’t have a career path to support them will ha
by bushbaba 5y ago
Allow students loans to be forgiven 10 years after graduation through bankruptcy.
Then expensive programs that don’t have a career path to support them will have trouble getting students needing financial aid.
- tdfx 5y agoThis is a much more palatable option than just wholesale debt forgiveness. I think there could be a lot of bipartisan support for a policy like this. It doesn't fix the problem entirely, but it finally frees people from the life sentence of their student loans. I would imagine the collection rates would be almost zero for any borrowers in this situation, anyway.