4 ms·

I wish they'd just make the interest on existing federal loans 0 and be done with it.

• dan_quixote 4y ago
  Sounds ideal in principle (principal?), but low interest/risk on student loans is what allowed tuition to inflate well beyond general inflation in the last several decades.
  • musicale 4y ago
    It was probably a mistake for the government to provide the funds and low interest rates and for private banks to reap the profits. And of course universities continue to raise tuition and fees with complete impunity.
  • bombcar 4y ago
    Which is why they need to allow bankruptcy. If the answer is "students will just declare bankruptcy after graduation" then at least the moral hazard is on the other foot.