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Great, now make all student debt dischargeable in bankruptcy. Too many people end up deeply in debt with degrees that don't do what was promised. Especially the
by foxyv 4y ago
Great, now make all student debt dischargeable in bankruptcy. Too many people end up deeply in debt with degrees that don't do what was promised. Especially the trade schools! ITT Tech, Silver State Helicopter, Culinary Schools, and all sorts of garbage private schools are taking advantage of people who were told to get an education at all costs.
Right now we already "socialize the downside" for all sorts of debt. I don't honestly know why student debt is any different.
- ffggvv 4y ago
- westmeal 4y agoBecause a lot of large organizations stand to make a lot of money! :D
- dominotw 4y agoare you saying they don't stand to make a lot of money on other kinds of debts.
- strawhatguy 4y agoyes we socialize the downside for lots of stuff, not just debt. Two wrongs don't make a right, though. By canceling this debt, no school (or student) will have learned the lesson, and indeed schools can take advantage of students even more now!
- cyanydeez 4y agoPoor people can't learn. Sorry man. Also, corporations aren't incentivized to learn either.
- strawhatguy 4y agoYes, I believe I said no one is incentivized if they can get your tax dollars to pay for their mistakes. That’s precisely my point.
- isitmadeofglass 4y ago> Two wrongs don't make a right, though. If its wrong to discharge debt in bankruptcies let’s make that the law, for students and business alike. Let’s see how that works out.
- Akronymus 4y agoI think that was in relation to the government paying the debt, rather than discharging it.
- strawhatguy 4y agoBankruptcies still carry a cost, just not in money, but in trust. There are no costs to the individual entities here however.