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You can only get so much in government student loans before having to go to the private sector for student loans. For private student loans there is no federal
by anonymouskimmer 3y ago
You can only get so much in government student loans before having to go to the private sector for student loans. For private student loans there is no federal guarantee, but there is the inability to discharge them in bankruptcy (a frankly right-wing position that adds to the problem, but that the right doesn't want to admit does so).
https://studentaid.gov/help-center/answers/article/how-much-money-can-i-borrow-federal-student-loans https://studentaid.gov/help-center/answers/article/how-much-...
> If you’re an undergraduate, the maximum combined amount of Direct Subsidized and Direct Unsubsidized Loans you can borrow each academic year is between $5,500 and $12,500, depending on your year in school and your dependency status.
> If you're a graduate/professional student, you can borrow up to $20,500 in Direct Unsubsidized Loans each academic year.
Most people aren't going to graduate school, and the full amount of government loans one can get for undergraduate don't make most private schools in any way affordable to those without jobs or family support.
On the left a potential solution is to increase the share of corporate profits going to workers.
On the right (and part of the left) a potential solution is the reduction of credentialism.