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The solution is not to limit student debt, but to remove restrictions of discharging the debt via bankruptcy. If the lenders had skin in the game, they wouldn'
by djloche 15y ago
The solution is not to limit student debt, but to remove restrictions of discharging the debt via bankruptcy.
If the lenders had skin in the game, they wouldn't be lending tens or hundreds of thousands of dollars to those who cannot pay.
Bankruptcy is the proper solution. It punishes on both poor decision makers (the lender loses the loan, and the borrower's access to credit at reasonable rates is cut off).