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This problem would be solved immediately by making student loans dischargeable in bankruptcy. The easy money would evaporate and a lot of colleges would have t
by empath-nirvana 3y ago
This problem would be solved immediately by making student loans dischargeable in bankruptcy. The easy money would evaporate and a lot of colleges would have to figure out how to make money on lower tuitions.
- mattm 3y agoYes with loans that cannot be written off in bankruptcy, the lenders don't need to do due diligence and are incentivized to loan out as much money as possible. More money causes tuition to go up.