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I don't think stopping lending is the answer. Stopping government guaranteed loans and undischargable debt is a better answer. I have no issue with private le

I don't think stopping lending is the answer. Stopping government guaranteed loans and undischargable debt is a better answer. I have no issue with private lending. The guaranteed loans skew the market. They are a big banner to schools saying the government will pay you with tax dollars if you can get the loan qualifying kids to register. And, that is exactly what they did.

nradov 3y ago
Schools should have some skin in the game. If one of their former students defaults (regardless of whether they graduated or not) then the school should have to eat part of the cost. This would help to hold down tuition, and force them to be more responsible about admitting students who are unlikely to succeed.