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You need something SLAB-like because otherwise everyone declares bankruptcy between finishing their degree and getting a first job. Congratulations you just can
by TimPC 4y ago
You need something SLAB-like because otherwise everyone declares bankruptcy between finishing their degree and getting a first job. Congratulations you just cancelled all new student loans.
Something like dischargeable in bankruptcy after 15 years could work though.
- rdl 4y agoIt's the easily available financing (secured against bankruptcy) which has enabled the cost spiral; eliminating this would start to put pressure on university prices. This would cause them to be somewhat cost conscious in certain areas; explosion of administrators, and use of capital contributions for excessive facilities.
- TimPC 4y agoI think it's fair to be against student loans. My point is that by being against preventing the declaring of bankruptcy of student loans you're in effect arguing for either a system where the providers are forced to give out loans that won't be repaid or a system of no student loans. You should make it clear which of the two alternatives you're actually advocating for rather than advocating for a vague policy without exploring its obvious consequences.