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I do not disagree, I’m just curious what ideas are out there to manage the unintended consequences.
by bumby 3y ago
I do not disagree, I’m just curious what ideas are out there to manage the unintended consequences.
- BobaFloutist 3y agoI'm glad you don't disagree, but that makes it confusing that you started your response with "I don't think that's correct"
- bumby 3y agoI agree that's the theory, I disagree that it actually is what would happen in practice. E.g., if the government stops guaranteeing the loans I seriously doubt banks will accept "future earning potential" as collateral. So I disagree that it's actually collateral (your initial claim). The real collateral is the govt promise to back up the loan. So the question still stands: if the government no longer guarantees the loans, what is the proposed solution to prevent banks from no longer lending to students?