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And it has the side effect of forcing universities to consider the risks of loaning out hundreds of thousands of dollars for a degree that pays $50k on average.
by indecisive_user 4y ago
And it has the side effect of forcing universities to consider the risks of loaning out hundreds of thousands of dollars for a degree that pays $50k on average.
When students can no longer afford infinite loans, the price of these degrees will magically drop like a rock.
- throw123123123 4y agoIt must be understood that making them dischargeable would make student loans unfeasible - the lending rate to adjust for the risk would be so high that unless it were subsidized it would be impossible to pay. It would give the people a way out today - a few years of bad credit sure, but worth it if you are really underwater with them.